RF Industries (NASDAQ:RFIL) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of RF Industries, Ltd. (NASDAQ:RFIL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.31 and traded as high as $15.80. RF Industries shares last traded at $15.28, with a volume of 182,868 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. B. Riley Financial increased their price objective on RF Industries from $10.25 to $11.25 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings lowered RF Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $11.25.

RF Industries Stock Up 2.5%

The firm has a market capitalization of $165.24 million, a price-to-earnings ratio of 382.10 and a beta of 1.25. The company’s fifty day moving average is $12.12 and its two-hundred day moving average is $9.31.

RF Industries (NASDAQ:RFIL) last released its earnings results on Monday, March 16th. The electronics maker reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $18.97 million during the quarter, compared to analyst estimates of $18.72 million. RF Industries had a net margin of 0.34% and a return on equity of 10.54%. On average, equities research analysts expect that RF Industries, Ltd. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On RF Industries

Several hedge funds have recently added to or reduced their stakes in RFIL. Goldman Sachs Group Inc. bought a new position in RF Industries during the first quarter worth about $56,000. Global Retirement Partners LLC bought a new stake in shares of RF Industries in the 3rd quarter valued at about $44,000. Ritholtz Wealth Management acquired a new stake in shares of RF Industries in the 3rd quarter valued at approximately $754,000. AMH Equity Ltd acquired a new stake in shares of RF Industries in the 3rd quarter valued at approximately $1,843,000. Finally, Huntleigh Advisors Inc. bought a new position in RF Industries during the 3rd quarter worth approximately $678,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

About RF Industries

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.