Frequency Electronics (NASDAQ:FEIM) Shares Pass Above 200 Day Moving Average - What's Next?

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.09 and traded as high as $15.13. Frequency Electronics shares last traded at $15.06, with a volume of 67,110 shares changing hands.

Analyst Ratings Changes

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

Frequency Electronics Price Performance

The company has a market cap of $145.93 million, a P/E ratio of 18.39 and a beta of 0.43. The business's 50 day moving average price is $16.04 and its 200-day moving average price is $15.13.

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 (EPS) for the quarter. The firm had revenue of $18.93 million during the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Remove Ads

Insider Buying and Selling at Frequency Electronics

In other news, Director Russell M. Sarachek bought 2,161 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the transaction, the director now directly owns 464,080 shares in the company, valued at $7,318,541.60. The trade was a 0.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 26.10% of the company's stock.

Institutional Trading of Frequency Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Frequency Electronics in the 4th quarter valued at about $27,000. IFP Advisors Inc acquired a new position in Frequency Electronics in the fourth quarter valued at approximately $85,000. JPMorgan Chase & Co. boosted its stake in 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 during the last quarter. Barclays PLC acquired a new stake in Frequency Electronics during the 3rd quarter worth $153,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Frequency Electronics during the 4th quarter valued at $238,000. 58.60% of the stock is owned by institutional investors.

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.