Frequency Electronics (NASDAQ:FEIM) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.25 and traded as high as $13.02. Frequency Electronics shares last traded at $12.82, with a volume of 16,885 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Frequency Electronics from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd.

Frequency Electronics Trading Up 2.5 %

The firm has a fifty day moving average of $12.63 and a 200 day moving average of $11.27. The company has a market capitalization of $125.75 million, a P/E ratio of 21.19 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%. The firm had revenue of $15.08 million for the quarter.

Institutional Investors Weigh In On Frequency Electronics

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of 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 acquiring an additional 1,847 shares during the period. Evernest Financial Advisors LLC bought a new stake in shares of Frequency Electronics during the 3rd quarter valued at about $124,000. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Frequency Electronics by 43.3% in 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 during the period. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.