Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.55 and traded as high as $17.17. Frequency Electronics shares last traded at $16.99, with a volume of 31,010 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Frequency Electronics from a "buy" rating to a "strong-buy" rating in a report on Friday, December 20th.
Get Our Latest Analysis on FEIM
Frequency Electronics Trading Down 0.5 %
The stock has a market capitalization of $163.27 million, a P/E ratio of 20.72 and a beta of 0.41. The company has a 50-day moving average price of $15.94 and a 200 day moving average price of $13.55.
Institutional Trading of Frequency Electronics
Hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. raised its stake 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 acquiring an additional 23,009 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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. XTX Topco Ltd acquired a new position in shares of Frequency Electronics during the third quarter worth $189,000. Barclays PLC purchased a new stake in shares of Frequency Electronics during the 3rd quarter valued at $153,000. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Frequency Electronics in the 3rd quarter worth $124,000. 58.60% of the stock is owned by hedge funds and other institutional investors.
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.
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