Could RF Industries, Ltd. (RFIL) Go Down After Achieving 52-Week High?

June 11, 2018 - By Richard Conner

RF Industries, Ltd. (NASDAQ:RFIL) Logo

Investors sentiment increased to 3.25 in Q1 2018. Its up 1.50, from 1.75 in 2017Q4. It improved, as 2 investors sold RF Industries, Ltd. shares while 2 reduced holdings. 4 funds opened positions while 9 raised stakes. 3.46 million shares or 103.01% more from 1.71 million shares in 2017Q4 were reported.
Tower Research Lc (Trc) holds 837 shares or 0% of its portfolio. Royal Bancorporation Of Canada reported 0% in RF Industries, Ltd. (NASDAQ:RFIL). Renaissance Llc owns 735,400 shares. Brown Brothers Harriman invested in 0% or 10,822 shares. Vanguard Group Inc stated it has 175,981 shares or 0% of all its holdings. Northern Tru Corporation holds 0% of its portfolio in RF Industries, Ltd. (NASDAQ:RFIL) for 13,952 shares. Morgan Stanley reported 12,950 shares. Massachusetts-based Acadian Asset Limited Company has invested 0% in RF Industries, Ltd. (NASDAQ:RFIL). 255,206 were accumulated by Dimensional Fund Advsr L P. Wells Fargo And Mn holds 0% or 2,001 shares in its portfolio. Blackrock owns 347,531 shares or 0% of their US portfolio. Deutsche Bank Ag owns 0% invested in RF Industries, Ltd. (NASDAQ:RFIL) for 47,295 shares. Geode Capital Management Ltd Liability Corp, Massachusetts-based fund reported 19,760 shares. North Star Investment Mngmt accumulated 6,450 shares. Grp Incorporated One Trading Ltd Partnership has invested 0% of its portfolio in RF Industries, Ltd. (NASDAQ:RFIL).

Since March 15, 2018, it had 0 insider buys, and 8 selling transactions for $791,159 activity. On Thursday, March 15 the insider Benoit Edward Joseph sold $186,800. HILL HOWARD F had sold 6,265 shares worth $28,098 on Friday, March 23.

The stock of RF Industries, Ltd. (NASDAQ:RFIL) hit a new 52-week high and has $8.68 target or 4.00 % above today’s $8.35 share price. The 8 months bullish chart indicates low risk for the $74.89 million company. The 1-year high was reported on Jun, 11 by Barchart.com. If the $8.68 price target is reached, the company will be worth $3.00 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 33.52% or $2.095 during the last trading session, reaching $8.345. About 2.17M shares traded or 1260.36% up from the average. RF Industries, Ltd. (NASDAQ:RFIL) has risen 300.00% since June 11, 2017 and is uptrending. It has outperformed by 287.43% the S&P500.

More notable recent RF Industries, Ltd. (NASDAQ:RFIL) news were published by: Prnewswire.com which released: “RF Industries Reports Largest Quarter in Company History with $22.4M in Sales” on June 11, 2018, also Benzinga.com with their article: “32 Stocks Moving In Monday’s Mid-Day Session” published on June 11, 2018, Seekingalpha.com published: “RF Industries jumps 29% on Q2 results” on June 11, 2018. More interesting news about RF Industries, Ltd. (NASDAQ:RFIL) were released by: Benzinga.com and their article: “44 Biggest Movers From Yesterday” published on June 05, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For June 11, 2018” with publication date: June 11, 2018.

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 $74.89 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 71.94 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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