Dallas, Texas 02/11/2014 (FINANCIALSTRENDS) – There are many reasons that predict reversal tactics when we talk about the RF Micro Devices, Inc. (NASDAQ:RFMD). The average dollar volume of RF Micro Devices, Inc. is $39.9 million and in the last traded session there were total of 216,457 shares that were traded. Last session also saw a dip of about 6.1% in the share price value of RF Micro Devices Shares.
The current market capitalization of RF Micro Devices Shares is around $1.3 billion and out of 10 prominent trade and investment analysts 7 rate this company as a buy and 2 rates it as a sell and 1 rate it as hold. For the last 30 days an average of 4.9 million shares has been traded and RF Micro Devices has got a beta rating of 1.03 and short float of 6.3%.
An Overview of RF Micro Devices, Inc. (NASDAQ:RFMD)
RF Micro Devices Inc. deals in the design, development, manufacturing and marketing of different radio frequency solutions also called as RF solutions. The company provides these solutions to original equipment manufacturers as well as original design manufacturers. The company has its manufacturing facilities in the United States of America and has got a dedicated customer base in the USA as well different parts of the world.
RF Micro Devices Shares has underperformed the S&P 500 index and declined 6.9% from its price level of one year ago. But there are many industry analysts who are seeing a buying opportunity in this stock and are advising to their clients to buy on dips whenever it is possible and sell on the up rise so as to reap in as much as benefits they can on a short term basis. Another reason that has been given by these industry analysts is that the company has a very low debt-to-equity ratio of almost 0.13.