RF Industries (NASDAQ:RFIL) had its price target lifted by B. Riley from $9.00 to $10.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have a buy rating on the electronics maker’s stock.
Separately, Zacks Investment Research lowered RF Industries from a buy rating to a hold rating in a research note on Friday, July 30th.
Shares of RFIL stock opened at $8.48 on Tuesday. The stock’s fifty day simple moving average is $8.49 and its 200-day simple moving average is $7.43. RF Industries has a 1-year low of $4.17 and a 1-year high of $9.63. The company has a market capitalization of $84.94 million, a price-to-earnings ratio of 18.84 and a beta of 1.10.
In other RF Industries news, Director Edward Joseph Benoit sold 8,827 shares of the business’s stock in a transaction on Wednesday, June 23rd. The shares were sold at an average price of $8.00, for a total transaction of $70,616.00. Following the sale, the director now owns 53,567 shares of the company’s stock, valued at $428,536. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Keith Holdsworth bought 11,930 shares of the firm’s stock in a transaction on Thursday, July 8th. The shares were bought at an average cost of $7.39 per share, for a total transaction of $88,162.70. Following the purchase, the director now owns 5,174 shares of the company’s stock, valued at approximately $38,235.86. The disclosure for this purchase can be found here. Company insiders own 10.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in RFIL. Victory Capital Management Inc. acquired a new stake in shares of RF Industries in the 1st quarter worth about $73,000. Marshall Wace North America L.P. bought a new stake in RF Industries in the 2nd quarter worth about $91,000. Marshall Wace LLP bought a new position in shares of RF Industries during the 2nd quarter valued at approximately $117,000. State Street Corp bought a new position in shares of RF Industries during the 2nd quarter valued at approximately $197,000. Finally, Aristides Capital LLC bought a new position in shares of RF Industries during the 2nd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 33.52% of the company’s stock.
About RF Industries
RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. It operates through the RF Connector and Cable Assembly; and Custom Cabling Manufacturing and Assembly segments. The RF Connector and Cable Assembly segment designs, manufactures, markets and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications, information technology, OEM markets, and other end markets.
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