Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for RF Industries Ltd (NASDAQ: RFIL) weakened in the last week. RFIL’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
RF Industries Ltd (NASDAQ: RFIL) stock enjoyed a large increase of 3.8% on 8/23/24. The stock closed at $3.87. However, exceptionally low trading volume at 16% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 12.5% during the last week.
Current PriceTarget Research Rating
RFIL’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
RF Industries has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RF Industries has a poor Appreciation Score of 30 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
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