Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.37 and traded as high as $12.89. Frequency Electronics shares last traded at $12.86, with a volume of 15,985 shares traded.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Frequency Electronics from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd.
Get Our Latest Stock Analysis on FEIM
Frequency Electronics Trading Down 0.2 %
The company has a 50-day moving average price of $12.53 and a two-hundred day moving average price of $11.39. The stock has a market capitalization of $123.07 million, a P/E ratio of 20.74 and a beta of 0.43.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $15.08 million for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%.
Institutional Investors Weigh In On Frequency Electronics
A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock valued at $1,117,000 after buying an additional 19,259 shares during the period. Barclays PLC bought a new position in Frequency Electronics in the third quarter worth approximately $153,000. XTX Topco Ltd acquired a new stake in Frequency Electronics in the third quarter valued at approximately $189,000. Thompson Davis & CO. Inc. increased its holdings in shares of Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider's stock valued at $920,000 after acquiring an additional 23,009 shares in the last quarter. Finally, Evernest Financial Advisors LLC acquired a new position in shares of Frequency Electronics during the third quarter worth approximately $124,000. 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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