Frequency Electronics (NASDAQ:FEIM - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.
Frequency Electronics Price Performance
Shares of FEIM traded up $0.46 during midday trading on Friday, hitting $19.02. The stock had a trading volume of 171,771 shares, compared to its average volume of 54,207. The firm has a market cap of $182.80 million, a price-to-earnings ratio of 23.20 and a beta of 0.48. The company has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $12.24. Frequency Electronics has a twelve month low of $8.62 and a twelve month high of $19.47.
Hedge Funds Weigh In On Frequency Electronics
Hedge funds and other institutional investors have recently made changes to their positions in the company. Evernest Financial Advisors LLC acquired a new stake in Frequency Electronics in the 3rd quarter valued at about $124,000. Barclays PLC bought a new stake in Frequency Electronics in the third quarter valued at approximately $153,000. XTX Topco Ltd acquired a new stake in shares of Frequency Electronics in the third quarter valued at approximately $189,000. Thompson Davis & CO. Inc. increased its holdings 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider's stock valued at $1,117,000 after acquiring an additional 19,259 shares during the period. 58.60% of the stock is owned by institutional investors.
Frequency Electronics Company Profile
(
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.
Recommended Stories
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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
