Frequency Electronics (NASDAQ:FEIM - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.
Frequency Electronics Stock Performance
Shares of NASDAQ FEIM traded down $0.27 during mid-day trading on Friday, reaching $15.39. The company's stock had a trading volume of 42,273 shares, compared to its average volume of 60,526. The stock has a 50-day moving average of $16.48 and a two-hundred day moving average of $14.88. The stock has a market capitalization of $147.91 million, a P/E ratio of 18.77 and a beta of 0.41. Frequency Electronics has a 1-year low of $8.62 and a 1-year high of $20.33.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. The business had revenue of $18.93 million during the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.
Institutional Investors Weigh In On Frequency Electronics
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Frequency Electronics during the fourth quarter worth about $27,000. Northern Trust Corp boosted its stake in Frequency Electronics by 6.6% during the fourth quarter. Northern Trust Corp now owns 32,630 shares of the communications equipment provider's stock worth $604,000 after buying an additional 2,008 shares during the period. IFP Advisors Inc purchased a new position in Frequency Electronics during the fourth quarter worth about $85,000. JPMorgan Chase & Co. boosted its stake in Frequency Electronics by 373.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after buying an additional 4,860 shares during the period. Finally, Millennium Management LLC boosted its stake in Frequency Electronics by 37.7% during the fourth quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider's stock worth $549,000 after buying an additional 8,116 shares during the period. 58.60% of the stock is currently owned by institutional investors and hedge funds.
Frequency Electronics Company Profile
(
Get Free Report)
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.
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