Recent extremely important negative changes in fundamentals have affected RF Industries Ltd (NASDAQ: RFIL): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for October, 2025 decreased significantly, and the consensus estimate for October, 2024 decreased significantly.
. Positive development: its shorter term price trend turned up. Negative development: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RF Industries has a slightly negative Appreciation Score of 34 but a good Power Rating of 82, leading to the High Neutral Value Trend Rating.
Recent Price Action
On 10/11/24, RF Industries Ltd (NASDAQ: RFIL) stock declined modestly by -2.0%, closing at $3.94. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.7% during the last week.
Be the first to comment