Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.12 and traded as high as $12.80. Frequency Electronics shares last traded at $12.68, with a volume of 8,641 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Frequency Electronics from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd.
Read Our Latest Analysis on Frequency Electronics
Frequency Electronics Price Performance
The business's fifty day moving average is $12.81 and its 200-day moving average is $11.14. The firm has a market cap of $119.73 million, a PE ratio of 36.94 and a beta of 0.44.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. The firm had revenue of $15.08 million during the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%.
Frequency Electronics Announces Dividend
The company also recently announced a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 8th.
Institutional Trading of Frequency Electronics
Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Frequency Electronics by 0.3% during 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. Evernest Financial Advisors LLC purchased a new stake in Frequency Electronics in the 3rd quarter valued at $124,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in Frequency Electronics in the 1st quarter valued at $1,511,000. 58.60% of the stock is currently owned by 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.
Featured 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
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.
