RF Industries (NASDAQ:RFIL) Stock Crosses Below 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of RF Industries, Ltd. (NASDAQ:RFIL – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.95 and traded as low as $5.96. RF Industries shares last traded at $6.0350, with a volume of 11,582 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RFIL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of RF Industries in a research report on Wednesday, October 8th. B. Riley boosted their target price on shares of RF Industries from $6.25 to $9.25 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.25.

Get Our Latest Stock Report on RF Industries

RF Industries Stock Up 1.1%

The firm’s 50 day simple moving average is $6.66 and its 200 day simple moving average is $6.95. The company has a market cap of $64.39 million, a price-to-earnings ratio of -301.75 and a beta of 0.95.

RF Industries (NASDAQ:RFIL – Get Free Report) last announced its earnings results on Tuesday, May 23rd. The electronics maker reported $0.07 earnings per share for the quarter. RF Industries had a positive return on equity of 5.20% and a negative net margin of 0.44%.The business had revenue of $16.92 million during the quarter. Analysts anticipate that RF Industries, Ltd. will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries in the 1st quarter valued at approximately $56,000. Heron Bay Capital Management bought a new position in RF Industries in the second quarter valued at approximately $67,000. Global Retirement Partners LLC acquired a new position in shares of RF Industries in the third quarter valued at approximately $44,000. Ritholtz Wealth Management acquired a new stake in shares of RF Industries during the third quarter worth $754,000. Finally, AMH Equity Ltd bought a new stake in RF Industries in the 3rd quarter valued at $1,843,000. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Company Profile

(Get Free Report)

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.

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