RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) Director Mark Keith Holdsworth purchased 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average price of $4.72 per share, with a total value of $70,800.00. Following the completion of the transaction, the director now directly owns 106,953 shares of the company's stock, valued at $504,818.16. This represents a 16.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
RF Industries Trading Up 3.3 %
RFIL stock opened at $4.69 on Tuesday. The firm has a 50-day moving average of $4.71 and a two-hundred day moving average of $4.26. RF Industries, Ltd. has a 12 month low of $2.86 and a 12 month high of $5.77. The company has a market cap of $50.04 million, a price-to-earnings ratio of -7.44 and a beta of 1.09.
RF Industries (NASDAQ:RFIL - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. As a group, equities analysts forecast that RF Industries, Ltd. will post 0.11 earnings per share for the current year.
Institutional Trading of RF Industries
A number of hedge funds and other institutional investors have recently modified their holdings of RFIL. Wealthedge Investment Advisors LLC acquired a new stake in RF Industries during the fourth quarter worth about $84,000. Geode Capital Management LLC increased its holdings in shares of RF Industries by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker's stock worth $342,000 after buying an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker's stock valued at $906,000 after buying an additional 2,062 shares during the period. 23.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of RF Industries in a report on Wednesday, March 26th. They set a "hold" rating for the company.
Read Our Latest Stock Analysis on RF Industries
RF Industries Company Profile
(
Get Free Report)
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.
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