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

Frequency Electronics (NASDAQ:FEIM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Frequency Electronics Trading Up 13.8 %

Frequency Electronics stock opened at $16.00 on Friday. The firm has a 50-day moving average price of $16.53 and a 200-day moving average price of $14.86. The firm has a market capitalization of $153.78 million, a PE ratio of 19.51 and a beta of 0.41. Frequency Electronics has a 12-month low of $8.62 and a 12-month high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%. The company had revenue of $18.93 million during the quarter.

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEIM. Thompson Davis & CO. Inc. lifted its holdings in 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 valued at $920,000 after buying an additional 23,009 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Frequency Electronics in the 3rd quarter valued at about $189,000. Barclays PLC bought a new stake in shares of Frequency Electronics in the 3rd quarter valued at about $153,000. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 19,259 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Frequency Electronics in the 4th quarter valued at about $27,000. 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.