Frequency Electronics (NASDAQ:FEIM) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.35 and traded as high as $17.43. Frequency Electronics shares last traded at $17.24, with a volume of 59,974 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

Frequency Electronics Trading Up 2.0 %

The company's fifty day simple moving average is $15.91 and its 200 day simple moving average is $15.46. The firm has a market capitalization of $167.22 million, a P/E ratio of 21.07 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. The company 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%.

Insider Activity

In other Frequency Electronics news, Director Russell M. Sarachek acquired 2,161 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $15.77 per share, with a total value of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares of the company's stock, valued at approximately $7,318,541.60. The trade was a 0.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 26.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Frequency Electronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in Frequency Electronics during the 4th quarter valued at approximately $27,000. IFP Advisors Inc purchased a new stake in shares of Frequency Electronics in the fourth quarter worth $85,000. JPMorgan Chase & Co. grew its stake in shares of Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after acquiring an additional 4,860 shares during the last quarter. Barclays PLC bought a new position in shares of Frequency Electronics during the third quarter valued at $153,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Frequency Electronics in the 4th quarter worth about $238,000. Institutional investors own 58.60% of the company's stock.

About Frequency Electronics

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.