Frequency Electronics (NASDAQ:FEIM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.
Frequency Electronics Trading Down 2.3 %
Shares of FEIM stock traded down $0.29 during trading hours on Wednesday, reaching $12.26. The company's stock had a trading volume of 21,508 shares, compared to its average volume of 48,548. Frequency Electronics has a one year low of $7.17 and a one year high of $14.50. The stock has a market capitalization of $116.31 million, a P/E ratio of 36.06 and a beta of 0.44. The firm's fifty day simple moving average is $12.82 and its 200 day simple moving average is $11.05.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%. The business had revenue of $15.08 million for the quarter.
Hedge Funds Weigh In On Frequency Electronics
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Frequency Electronics by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider's stock worth $6,237,000 after buying an additional 1,847 shares during the last quarter. Evernest Financial Advisors LLC purchased a new stake in shares of Frequency Electronics in the third quarter worth $124,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of Frequency Electronics during the first quarter valued at $1,511,000. 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.
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