Frequency Electronics (NASDAQ:FEIM) Issues Quarterly Earnings Results

Frequency Electronics (NASDAQ:FEIM - Get Free Report) posted its earnings results on Thursday. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter, Zacks reports. 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.

Frequency Electronics Trading Down 1.8 %

Shares of FEIM stock traded down $0.29 on Monday, hitting $15.71. 87,712 shares of the stock were exchanged, compared to its average volume of 60,599. The firm has a market capitalization of $150.99 million, a P/E ratio of 19.16 and a beta of 0.41. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $20.33. The business has a 50-day moving average of $16.53 and a 200 day moving average of $14.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Frequency Electronics from a "strong-buy" rating to a "buy" rating in a report on Friday.

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.