Frequency Electronics (NASDAQ:FEIM) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.20 and traded as high as $19.47. Frequency Electronics shares last traded at $18.41, with a volume of 187,351 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Frequency Electronics from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 11th.

Frequency Electronics Price Performance

The stock has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $12.20. The firm has a market capitalization of $177.56 million, a P/E ratio of 22.63 and a beta of 0.48.

Institutional Trading of Frequency Electronics

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider's stock worth $6,237,000 after purchasing an additional 1,847 shares during the period. Geode Capital Management LLC boosted its position in shares of Frequency Electronics by 26.3% during the 3rd 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. Thompson Davis & CO. Inc. boosted its position in shares of Frequency Electronics by 43.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider's stock worth $920,000 after purchasing an additional 23,009 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Frequency Electronics in the 3rd quarter valued at about $189,000. Finally, Barclays PLC bought a new stake in Frequency Electronics in the 3rd quarter valued at about $153,000. Institutional investors own 58.60% of the company's stock.

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.