RF Industries Ltd (NASDAQ: RFIL) stock closed at $3.80 on 9/17/24 after a major decline of -11.6%. Moreover, trading volume in this decline was exceptionally high at 324% of normal. The stock has risen 3.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RF Industries has a slightly negative Appreciation Score of 30 but a very high Power Rating of 92, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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