Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for RF Industries Ltd (NASDAQ: RFIL) weakened during the last several trading days. 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 declined by -3.7% on 10/1/24. The shares closed at $3.93. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.2% 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). 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 33 but a very high Power Rating of 91, triggering the High Neutral Value Trend Rating.
Be the first to comment