Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.35 and traded as high as $17.52. Frequency Electronics shares last traded at $16.97, with a volume of 25,153 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded Frequency Electronics from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 20th.
Read Our Latest Stock Report on FEIM
Frequency Electronics Price Performance
The stock has a market capitalization of $165.68 million, a PE ratio of 21.02 and a beta of 0.39. The stock has a 50 day moving average of $17.23 and a two-hundred day moving average of $14.43.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.
Institutional Trading of Frequency Electronics
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Frequency Electronics by 26.3% during the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock worth $1,117,000 after purchasing an additional 19,259 shares in the last quarter. Barclays PLC purchased a new stake in Frequency Electronics during the third quarter worth $153,000. XTX Topco Ltd purchased a new stake in Frequency Electronics during the third quarter worth $189,000. Evernest Financial Advisors LLC purchased a new stake in Frequency Electronics during the third quarter worth $124,000. Finally, Thompson Davis & CO. Inc. raised its holdings in shares of Frequency Electronics by 43.3% in the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider's stock worth $920,000 after acquiring an additional 23,009 shares during the last quarter. 58.60% of the stock is currently owned by hedge funds and other institutional investors.
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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