RF Industries (NYSE: RFIL) is rated at BUY with a grade of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
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Highlights from the ratings report include:
- Powered by its strong earnings growth of 900.00% and other important driving factors, this stock has surged by 30.49% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- Net operating cash flow has significantly increased by 306.68% to $1.39 million when compared to the same quarter last year. In addition, R F INDUSTRIES LTD has also vastly surpassed the industry average cash flow growth rate of 1.81%.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 1069.8% when compared to the same quarter one year prior, rising from $0.06 million to $0.74 million.
- RFIL has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.91, which clearly demonstrates the ability to cover short-term cash needs.
RF Industries, Ltd. engages in the design, manufacture, and/or sale of communications equipment primarily to the radio and other professional communications related industries in the United States and internationally.You can view the full RF Industries Ratings Report or get investment ideas from our investment research center.