Stock Rating Upgrade
The Value Trend Rating for RF Industries Ltd (NASDAQ: RFIL) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
RF Industries Ltd (NASDAQ: RFIL) stock closed at $3.71 on 9/20/24 after a slight decline of -0.8%. Moreover, trading volume in this decline was above average at 137% of normal. The stock is unchanged 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RF Industries has a slightly negative Appreciation Score of 36 but a very high Power Rating of 91, triggering the Positive Value Trend Rating.
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