Insider Selling: RF Industries, Ltd. (RFIL) Director Sells $32,184.96 in Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director William Reynolds sold 16,763 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $1.92, for a total value of $32,184.96. Following the completion of the transaction, the director now owns 68,870 shares of the company’s stock, valued at approximately $132,230.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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RF Industries, Ltd. (RFIL) traded down 2.5984% during trading on Thursday, reaching $1.8068. The company’s stock had a trading volume of 956 shares. RF Industries, Ltd. has a 12-month low of $1.40 and a 12-month high of $2.45. The firm’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.63. The company’s market capitalization is $15.96 million.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Wednesday, June 28th. RF Industries’s dividend payout ratio (DPR) is presently -19.05%.

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About RF Industries

RF Industries, Ltd. is engaged in the design, manufacture and marketing of interconnect products and systems, including coaxial and specialty cables, fiber optic cables and connectors, and electrical and electronic specialty cables. It operates through two segments: RF Connector and Cable Assembly, which consists of Connector and Cable Assembly Division, and the Custom Cabling Manufacturing and Assembly, which consists of subsidiaries, including Cables Unlimited, Inc (Cables Unlimited,) Comnet Telecom Supply, Inc (Comnet) and Rel-Tech Electronics, Inc (Rel-Tech).