Frequency Electronics (NASDAQ:FEIM) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a buy rating to a strong-buy rating in a research report report published on Wednesday.

Frequency Electronics Price Performance

FEIM opened at $16.71 on Wednesday. The company has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $11.94. The firm has a market cap of $159.91 million, a P/E ratio of 20.38 and a beta of 0.48. Frequency Electronics has a 1-year low of $8.62 and a 1-year high of $17.86.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 21.44% and a net margin of 13.02%. The business had revenue of $15.08 million during the quarter.

Institutional Trading of Frequency Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. boosted its stake in 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 period. Geode Capital Management LLC lifted its holdings in shares of Frequency Electronics by 26.3% in 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. XTX Topco Ltd purchased a new position in shares of Frequency Electronics in the third quarter worth $189,000. Barclays PLC bought a new position in shares of Frequency Electronics during the third quarter worth $153,000. Finally, Evernest Financial Advisors LLC purchased a new position in Frequency Electronics during the third quarter valued at $124,000. Institutional investors 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.