MELVILLE, N.Y., June 26, 2018 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ: PFIN) announced today that it was added as a member of the Russell Microcap® Index, effective after the US market opened on June 25, 2018, as part of the 2018 Russell indexes reconstitution.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell indexes are part of FTSE Russell, a leading global index provider.
About P&F Industries, Inc.
P&F Industries, Inc., through its wholly owned subsidiaries, is a leading manufacturer and importer of air-powered tools and accessories sold principally to the retail, industrial, automotive and aerospace markets. P&F's products are sold under its own trade names, as well as under the private labels of major manufacturers and retailers.
SOURCE P&F Industries, Inc.