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

StockNews.com lowered shares of Frequency Electronics (NASDAQ:FEIM) from a strong-buy rating to a buy rating in a report released on Friday morning.

Frequency Electronics Stock Up 13.8 %

Frequency Electronics stock opened at $16.00 on Friday. The firm has a market cap of $153.78 million, a price-to-earnings ratio of 19.51 and a beta of 0.41. Frequency Electronics has a 52 week low of $8.62 and a 52 week high of $20.33. The business’s 50-day moving average price is $16.53 and its 200 day moving average price is $14.86.

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

Institutional Trading of Frequency Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of FEIM. Global Retirement Partners LLC acquired a new stake in Frequency Electronics in the fourth quarter valued at approximately $27,000. IFP Advisors Inc acquired a new stake in Frequency Electronics in the fourth quarter valued at approximately $85,000. JPMorgan Chase & Co. grew its holdings in Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider’s stock valued at $114,000 after purchasing an additional 4,860 shares during the period. Barclays PLC acquired a new stake in Frequency Electronics in the third quarter valued at approximately $153,000. Finally, XTX Topco Ltd acquired a new stake in Frequency Electronics in the third quarter valued at approximately $189,000. 58.60% of the stock is owned by institutional investors and hedge funds.

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.