RF Industries (NASDAQ:RFIL) Upgraded to Strong-Buy at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of RF Industries (NASDAQ:RFIL – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. B. Riley Financial dropped their price objective on RF Industries from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 15th. Zacks Research lowered RF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. Lake Street Capital decreased their price target on RF Industries from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Finally, Weiss Ratings raised RF Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RF Industries has an average rating of “Moderate Buy” and an average price target of $14.50.

View Our Latest Report on RF Industries

RF Industries Trading Down 0.8%

Shares of RFIL opened at $8.31 on Friday. RF Industries has a 12 month low of $5.54 and a 12 month high of $22.30. The firm’s 50 day moving average is $10.26 and its 200-day moving average is $13.61. The stock has a market capitalization of $90.16 million, a PE ratio of 37.77 and a beta of 1.34.

RF Industries (NASDAQ:RFIL – Get Free Report) last issued its quarterly earnings results on Monday, September 14th. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $23.96 million during the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a net margin of 2.83% and a return on equity of 15.32%. Equities research analysts predict that RF Industries will post 0.50 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RF Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP grew its position in RF Industries by 28.4% in the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock valued at $451,000 after acquiring an additional 4,697 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of RF Industries in the 1st quarter valued at approximately $131,000. Bank of America Corp DE boosted its stake in shares of RF Industries by 519.3% in the 1st quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker’s stock valued at $213,000 after purchasing an additional 17,302 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of RF Industries during the 2nd quarter valued at approximately $397,000. Finally, Sei Investments Co. grew its holdings in shares of RF Industries by 257.2% during the 1st quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker’s stock valued at $866,000 after purchasing an additional 60,503 shares during the last quarter. Institutional investors own 23.49% of the company’s stock.

About RF Industries

(Get Free Report)

RF Industries Ltd. (NASDAQ: RFIL) designs, manufactures and distributes products used to build and maintain wireless communications and other electronic infrastructure. The company serves wireless carriers, original equipment manufacturers, system integrators, distributors and government customers, with applications spanning cellular communications, public safety, data communications and private wireless networks.

Its product portfolio includes radio-frequency connectors, coaxial cable assemblies, antennas, combiners, filters, power distribution equipment and other passive RF components.

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