RF Industries (NASDAQ:RFIL) Rating Lowered to “Buy” at Wall Street Zen

RF Industries (NASDAQ:RFIL) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other research analysts have also issued reports on the stock. Zacks Research upgraded shares of RF Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, B. Riley Financial upped their price target on shares of RF Industries from $11.25 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

RF Industries Stock Performance

RFIL opened at $12.46 on Friday. The company’s 50 day moving average is $17.40 and its 200-day moving average is $13.58. RF Industries has a 1-year low of $5.54 and a 1-year high of $22.30. The company has a market cap of $135.19 million, a P/E ratio of 89.01 and a beta of 1.27.

RF Industries (NASDAQ:RFIL) last announced its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $20.69 million for the quarter, compared to analyst estimates of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. On average, equities analysts forecast that RF Industries will post 0.59 EPS for the current year.

Institutional Investors Weigh In On RF Industries

Several institutional investors and hedge funds have recently made changes to their positions in RFIL. Punch & Associates Investment Management Inc. raised its position in shares of RF Industries by 9.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 877,150 shares of the electronics maker’s stock worth $5,070,000 after acquiring an additional 74,091 shares during the last quarter. Vanguard Group Inc. boosted its holdings in RF Industries by 5.5% in the third quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock valued at $3,223,000 after acquiring an additional 20,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in RF Industries by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock valued at $1,397,000 after acquiring an additional 13,349 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in RF Industries by 58.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock valued at $1,228,000 after purchasing an additional 78,144 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RF Industries during the 3rd quarter valued at approximately $1,651,000. 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.