RF Industries jumps after hours following results, board chair switch

RF Industries

14/06/2021 21:42

** RF Industries  RFIL.O  shares are surging more than 10% after
the bell Mon following the release of the cable seller's results
and announcement that Marvin Fink will step down as chairman of
the board as of Tues  urn:newsml:reuters.com:*:nACSfxdlya
    ** In the regular session, the stock closed up 2.6% at $8 
    ** It also reiterated its guidance for the full-year 2021
    ** Fink will serve as board director, while Mark Holdsworth
has been elected as new chairman of the board
    ** The consensus Wall Street recommendation on the stock is
a "buy" and the median price target is $9, according to
Refinitiv data
    ** Co's stock was up 63% YTD as of Mon's close

 (Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;
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caroline.valetkevitch.thomsonreuters.com@reuters.net))