Frequency Electronics (NASDAQ:FEIM) Lowered to Buy Rating by StockNews.com

StockNews.com lowered shares of Frequency Electronics (NASDAQ:FEIM - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Frequency Electronics Price Performance

NASDAQ:FEIM traded down $0.22 on Tuesday, hitting $15.53. 52,620 shares of the company's stock were exchanged, compared to its average volume of 60,768. The company has a market cap of $150.28 million, a P/E ratio of 18.94 and a beta of 0.41. The firm has a 50-day moving average price of $16.32 and a 200-day moving average price of $14.99. Frequency Electronics has a 52 week low of $8.62 and a 52 week high of $20.33.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. The firm had revenue of $18.93 million during the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Insider Buying and Selling

In other news, Director Russell M. Sarachek bought 2,161 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the purchase, the director now owns 464,080 shares of the company's stock, valued at approximately $7,318,541.60. This trade represents a 0.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 26.10% of the stock is owned by corporate insiders.

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Institutional Trading of Frequency Electronics

Several institutional investors and hedge funds have recently bought and sold shares of FEIM. Two Sigma Advisers LP bought a new position in shares of Frequency Electronics during the 4th quarter worth approximately $1,057,000. Two Sigma Investments LP lifted its holdings in Frequency Electronics by 109.4% during the 4th quarter. Two Sigma Investments LP now owns 71,644 shares of the communications equipment provider's stock valued at $1,327,000 after purchasing an additional 37,438 shares during the last quarter. Nokomis Capital L.L.C. bought a new position in Frequency Electronics during the fourth quarter worth $1,778,000. Millennium Management LLC increased its holdings in shares of Frequency Electronics by 37.7% in the fourth quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider's stock valued at $549,000 after purchasing an additional 8,116 shares during the last quarter. Finally, G2 Investment Partners Management LLC acquired a new position in shares of Frequency Electronics in the fourth quarter valued at $1,927,000. Institutional investors own 58.60% of the company's stock.

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.