RF Industries (NASDAQ:RFIL) reports quarterly earnings results

RF Industries ( NASDAQ:RFIL – Get Free Report ) released its earnings results on Thursday. The electronics maker saw ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. RF Industries had a negative return on equity of 5.73% and a negative net margin of 13.34%. The company had revenue of $16.11 million for the quarter, compared to the consensus estimate of $16.28 million.

RF Industries turnover increase by 4.7%

NASDAQ:RFIL opened at $3.35 on Friday. RF Industries has a 1-year low of $2.51 and a 1-year high of $5.08. The company has a debt to equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 2.91. The company has a 50-day moving average of $3.06 and a 200-day moving average of $3.04.

Analyst Upgrades and Downgrades

Several research analysts commented on the stock. StockNews.com covered RF Industries stock in Tuesday’s report. They issued a “hold” recommendation for the company. B. Riley lowered their target price on RF Industries from $4.25 to $4.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20.

See our latest share analysis for RF Industries

RF Industries company profile

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RF Industries, Ltd., together with its subsidiaries, designs, manufactures and sells interconnection products and systems in the United States, Canada, Italy, Mexico and around the world. The company operates in two segments: RF connector and cable assembly and custom cabling manufacturing and assembly.

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