RF Industries, Ltd. (RFIL) Stock Is An 52-Week High Flier

May 17, 2018 - By Duane Lopez

RF Industries, Ltd. (NASDAQ:RFIL) Logo

Investors sentiment increased to 1.75 in 2017 Q4. Its up 0.75, from 1 in 2017Q3. It improved, as 1 investors sold RF Industries, Ltd. shares while 3 reduced holdings. 3 funds opened positions while 4 raised stakes. 1.71 million shares or 10.31% less from 1.90 million shares in 2017Q3 were reported.
Renaissance Limited Liability Corporation has 680,853 shares for 0% of their portfolio. Deutsche National Bank Ag accumulated 10,159 shares or 0% of the stock. North Star Mgmt Corporation invested in 0% or 6,450 shares. 574 are held by Acadian Asset Mgmt Ltd. Thompson Davis reported 0.22% of its portfolio in RF Industries, Ltd. (NASDAQ:RFIL). Royal Retail Bank Of Canada owns 22,535 shares or 0% of their US portfolio. Geode Capital Management owns 0% invested in RF Industries, Ltd. (NASDAQ:RFIL) for 19,760 shares. California Pub Employees Retirement Sys owns 40,400 shares for 0% of their portfolio. Vanguard Gru owns 106,818 shares for 0% of their portfolio. The New York-based Morgan Stanley has invested 0% in RF Industries, Ltd. (NASDAQ:RFIL). Dimensional Fund Limited Partnership reported 0% of its portfolio in RF Industries, Ltd. (NASDAQ:RFIL). Northern Tru Corporation stated it has 0% in RF Industries, Ltd. (NASDAQ:RFIL). Wells Fargo Comm Mn has 2,000 shares for 0% of their portfolio. Blackrock Incorporated has 0% invested in RF Industries, Ltd. (NASDAQ:RFIL). Bridgeway Capital Inc accumulated 35,000 shares.

Since March 15, 2018, it had 0 buys, and 8 sales for $791,159 activity. Another trade for 40,000 shares valued at $186,800 was sold by Benoit Edward Joseph. Reynolds William sold 30,076 shares worth $141,785.

The stock of RF Industries, Ltd. (NASDAQ:RFIL) hit a new 52-week high and has $6.76 target or 7.00 % above today’s $6.32 share price. The 9 months bullish chart indicates low risk for the $56.76 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $6.76 price target is reached, the company will be worth $3.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.40% or $0.02 during the last trading session, reaching $6.32. About 63,142 shares traded. RF Industries, Ltd. (NASDAQ:RFIL) has risen 193.55% since May 17, 2017 and is uptrending. It has outperformed by 182.00% the S&P500.

RF Industries, Ltd., together with its subsidiaries, designs, makes, and markets interconnect products and systems to co-location centers, data processing centers, telecommunications and telephone companies, wireless carriers, and telecommunication equipment and solution providers in the United States and internationally. The company has market cap of $56.76 million. The company??s Connector and Cable Assembly division designs, makes, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors. It has a 54.53 P/E ratio. The Company’s Cables Unlimited division makes and sells custom and standard cable assemblies, hybrid fiber optic power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive, and medical equipment.

RF Industries, Ltd. (NASDAQ:RFIL) Institutional Positions Chart

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