Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Frequency Electronics, Inc. (NASDAQ:FEIM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.25 and traded as high as $13.02. Frequency Electronics shares last traded at $12.82, with a volume of 16,885 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Frequency Electronics Stock Up 1.7 %

The business has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $11.25. The company has a market capitalization of $122.69 million, a price-to-earnings ratio of 20.68 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. The firm had revenue of $15.08 million for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%.

Institutional Trading of Frequency Electronics

A hedge fund recently raised its stake in Frequency Electronics stock. Dimensional Fund Advisors LP increased its stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 684,633 shares of the communications equipment provider’s stock after buying an additional 1,847 shares during the quarter. Dimensional Fund Advisors LP owned 7.22% of Frequency Electronics worth $6,237,000 at the end of the most recent quarter. 58.60% of the stock is owned by institutional investors and hedge funds.

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.