RF Industries (NASDAQ:RFIL) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Shares of RF Industries, Ltd. (NASDAQ:RFIL - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.89 and traded as low as $5.73. RF Industries shares last traded at $5.80, with a volume of 14,682 shares traded.Get RF Industries alerts:Analysts Set New Price TargetsUnder-The-Radar RF Industries Is A Steal At These Prices A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of RF Industries in a research report on Wednesday, October 8th. Zacks Research downgraded shares of RF Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 14th. Finally, B. Riley boosted their price target 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, RF Industries presently has a consensus rating of "Hold" and an average target price of $9.25.Check Out Our Latest Report on RF IndustriesRF Industries Stock Down 1.0%RF Industries Is A Micro-Cap You Need To OwnThe company has a market cap of $61.87 million, a PE ratio of -290.00 and a beta of 0.95. The firm has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.89. RF Industries (NASDAQ:RFIL - Get Free Report) last released its quarterly earnings results on Tuesday, May 23rd. The electronics maker reported $0.07 EPS for the quarter. RF Industries had a negative net margin of 0.44% and a positive return on equity of 5.20%. The business had revenue of $16.92 million during the quarter. As a group, equities analysts anticipate that RF Industries, Ltd. will post 0.11 EPS for the current year. Hedge Funds Weigh In On RF IndustriesLarge investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in shares of RF Industries in the 1st quarter worth $56,000. Heron Bay Capital Management acquired a new stake in RF Industries in the second quarter worth about $67,000. Global Retirement Partners LLC purchased a new stake in shares of RF Industries during the third quarter worth about $44,000. Ritholtz Wealth Management acquired a new position in shares of RF Industries during the third quarter valued at about $754,000. Finally, AMH Equity Ltd purchased a new position in shares of RF Industries in the 3rd quarter valued at approximately $1,843,000. 23.49% of the stock is owned by institutional investors and hedge funds. 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.Featured ArticlesFive stocks we like better than RF IndustriesDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Post 35% Surge, Analysts Eye More Upside in Copper Giant FreeportStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedWhy a SpaceX IPO Could Be a Major Catalyst for GOOGL StockBest ESG Stocks: 11 Best Stocks for ESG InvestingCan Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in RF Industries Right Now?Before you consider RF Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RF Industries wasn't on the list.While RF Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here