Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.06 and traded as high as $17.36. Frequency Electronics shares last traded at $16.88, with a volume of 18,812 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Frequency Electronics from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 20th.
View Our Latest Analysis on Frequency Electronics
Frequency Electronics Trading Down 0.5 %
The company has a market capitalization of $161.45 million, a P/E ratio of 20.49 and a beta of 0.41. The firm has a fifty day moving average of $16.68 and a 200 day moving average of $14.06.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.
Institutional Trading of Frequency Electronics
A number of hedge funds and other institutional investors have recently bought and sold shares of FEIM. Evernest Financial Advisors LLC bought a new position in shares of Frequency Electronics during the third quarter worth $124,000. Barclays PLC bought a new position in shares of Frequency Electronics during the third quarter worth $153,000. XTX Topco Ltd bought a new position in Frequency Electronics during the third quarter valued at $189,000. Thompson Davis & CO. Inc. lifted its position in 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 purchasing an additional 23,009 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $1,117,000 after purchasing an additional 19,259 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company's stock.
About Frequency Electronics
(
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.
Read More
Before you consider Frequency Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frequency Electronics wasn't on the list.
While Frequency Electronics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
