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

Frequency Electronics (NASDAQ:FEIM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Frequency Electronics Stock Performance

Shares of NASDAQ:FEIM opened at $16.68 on Tuesday. Frequency Electronics has a one year low of $8.62 and a one year high of $20.33. The company has a market capitalization of $161.41 million, a PE ratio of 20.34 and a beta of 0.41. The stock has a fifty day moving average of $16.38 and a 200-day moving average of $14.96.

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

Institutional Trading of Frequency Electronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of Frequency Electronics during the 4th quarter worth about $27,000. IFP Advisors Inc bought a new position in Frequency Electronics during the fourth quarter valued at approximately $85,000. JPMorgan Chase & Co. lifted its stake in Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after acquiring an additional 4,860 shares during the last quarter. Barclays PLC bought a new stake in Frequency Electronics in the third quarter worth approximately $153,000. Finally, XTX Topco Ltd acquired a new position in shares of Frequency Electronics during the 3rd quarter worth $189,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.