Frequency Electronics (NASDAQ:FEIM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.09 and traded as high as $15.13. Frequency Electronics shares last traded at $15.06, with a volume of 67,110 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 25th.

Frequency Electronics Stock Performance

The company’s 50-day simple moving average is $16.04 and its 200 day simple moving average is $15.09. The company has a market cap of $145.74 million, a PE ratio of 18.37 and a beta of 0.41.

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

Insiders Place Their Bets

In other Frequency Electronics news, Director Russell M. Sarachek purchased 2,161 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $15.77 per share, with a total value of $34,078.97. Following the acquisition, the director now directly owns 464,080 shares of the company’s stock, valued at approximately $7,318,541.60. This represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Frequency Electronics

Several hedge funds and other institutional investors have recently made changes to their positions in FEIM. Two Sigma Advisers LP acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at about $1,057,000. Two Sigma Investments LP increased its holdings in shares of Frequency Electronics by 109.4% in 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 acquiring an additional 37,438 shares during the period. Nokomis Capital L.L.C. purchased a new stake in Frequency Electronics in the 4th quarter valued at $1,778,000. Millennium Management LLC grew its position in Frequency Electronics by 37.7% during the 4th quarter. Millennium Management LLC now owns 29,622 shares of the communications equipment provider’s stock worth $549,000 after purchasing an additional 8,116 shares during the last quarter. Finally, G2 Investment Partners Management LLC purchased a new position in Frequency Electronics during the 4th quarter worth $1,927,000. Institutional investors and hedge funds 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.