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

Frequency Electronics, Inc. (NASDAQ:FEIM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.35 and traded as high as $17.43. Frequency Electronics shares last traded at $17.24, with a volume of 59,974 shares traded.

Wall Street Analyst Weigh In

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

Frequency Electronics Stock Performance

The company has a market capitalization of $166.83 million, a P/E ratio of 21.02 and a beta of 0.43. The stock’s fifty day moving average price is $15.92 and its 200-day moving average price is $15.35.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data 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 firm had revenue of $18.93 million for the quarter.

Insider Activity at Frequency Electronics

In related news, Director Russell M. Sarachek purchased 2,161 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased 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 in the company, valued at $7,318,541.60. The trade was a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 26.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC bought a new position in shares of Frequency Electronics during the fourth quarter worth approximately $1,927,000. Marshall Wace LLP grew its holdings in Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after buying an additional 52,962 shares in the last quarter. Nokomis Capital L.L.C. bought a new position in Frequency Electronics during the 4th quarter worth $1,778,000. Geode Capital Management LLC lifted its holdings in shares of Frequency Electronics by 26.3% during the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after buying an additional 19,259 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Frequency Electronics by 204.8% in the fourth quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock valued at $1,547,000 after acquiring an additional 56,134 shares during the period. 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.