StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM – Free Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
Frequency Electronics Stock Performance
Shares of NASDAQ:FEIM opened at $12.28 on Wednesday. Frequency Electronics has a 1 year low of $7.20 and a 1 year high of $14.50. The stock has a market capitalization of $117.52 million, a P/E ratio of 19.81 and a beta of 0.44. The stock has a 50-day simple moving average of $12.82 and a 200-day simple moving average of $11.08.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last issued its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%. The business had revenue of $15.08 million during the quarter.
Frequency Electronics Announces Dividend
Hedge Funds Weigh In On Frequency Electronics
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 1,847 shares during the period. Thompson Davis & CO. Inc. purchased a new position in shares of Frequency Electronics during the 1st quarter valued at approximately $1,511,000. Finally, Evernest Financial Advisors LLC purchased a new position in shares of Frequency Electronics during the 3rd quarter valued at approximately $124,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.
About Frequency Electronics
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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