Frequency Electronics, Inc. (NASDAQ:FEIM) Director Purchases $34,078.97 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) Director Russell M. Sarachek acquired 2,161 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the acquisition, the director now directly owns 464,080 shares of the company's stock, valued at $7,318,541.60. The trade was a 0.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Frequency Electronics Trading Down 1.9 %

Frequency Electronics stock traded down $0.29 during trading on Tuesday, hitting $15.36. The company had a trading volume of 45,889 shares, compared to its average volume of 60,989. The stock has a market cap of $148.64 million, a price-to-earnings ratio of 18.73 and a beta of 0.41. Frequency Electronics, Inc. has a 1-year low of $8.62 and a 1-year high of $20.33. The company's 50 day simple moving average is $16.27 and its 200-day simple moving average is $15.05.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The business had revenue of $18.93 million during the quarter.

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Institutional Trading of Frequency Electronics

Several hedge funds have recently made changes to their positions in FEIM. Global Retirement Partners LLC purchased a new stake in Frequency Electronics during the 4th quarter worth approximately $27,000. IFP Advisors Inc purchased a new stake in shares of Frequency Electronics during the fourth quarter worth $85,000. JPMorgan Chase & Co. raised its stake in shares of Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after acquiring an additional 4,860 shares in the last quarter. Barclays PLC purchased a new position in Frequency Electronics in the third quarter valued at $153,000. Finally, XTX Topco Ltd purchased a new position in Frequency Electronics in the third quarter valued at $189,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.