RF Industries: Near 4-1/2 year high as Q2 sales nearly triple

RF Industries

11/06/2018 17:36

** Electric and telecom cabling service provider's shares
 RFIL.O  up as much as 40.8 pct at $8.80; highest since Jan 2014
    ** Q2 sales nearly triple; posts EPS of $0.34 vs. $0.01
yr-ago  urn:newsml:reuters.com:*:nPn5ZwGjfa
    ** Says results aided by rise in sales in its custom cabling
segment while gross margins improved to 36 pct from a year ago's
26 pct 
    ** Stock third among top pct gainers across U.S. exchanges
    ** RFIL trading with 2.13 mln shares, nearly 29x their
25-day moving avg 
    ** Including session's gains shares have more than tripled
in value YTD

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))