Frequency Electronics (NASDAQ:FEIM) Rating Increased to Strong-Buy at StockNews.com

Posted by ABMN Staff on Dec 20th, 2024

Frequency Electronics (NASDAQ:FEIM – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Frequency Electronics Price Performance

Shares of FEIM opened at $18.56 on Friday. The stock has a market capitalization of $177.56 million, a PE ratio of 22.63 and a beta of 0.48. The business’s fifty day moving average price is $13.65 and its 200 day moving average price is $12.24. Frequency Electronics has a 12-month low of $8.62 and a 12-month high of $19.47.

Institutional Investors Weigh In On Frequency Electronics

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Frequency Electronics by 0.3% in the second 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 last quarter. Evernest Financial Advisors LLC acquired a new stake in shares of Frequency Electronics during the 3rd quarter worth approximately $124,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after purchasing an additional 23,009 shares during the last quarter. XTX Topco Ltd acquired a new position in Frequency Electronics during the 3rd quarter valued at approximately $189,000. Finally, Barclays PLC bought a new position in Frequency Electronics during the 3rd quarter worth $153,000. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Company Profile

(Get Free Report)

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.