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

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.35 and traded as high as $17.52. Frequency Electronics shares last traded at $16.97, with a volume of 25,153 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 20th.

Frequency Electronics Stock Down 2.8 %

The company’s 50 day simple moving average is $17.10 and its two-hundred day simple moving average is $14.35. The company has a market capitalization of $163.08 million, a price-to-earnings ratio of 20.70 and a beta of 0.39.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Hedge Funds Weigh In On Frequency Electronics

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Frequency Electronics by 26.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after purchasing an additional 19,259 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares during the period. XTX Topco Ltd purchased a new stake in shares of Frequency Electronics during the third quarter valued at $189,000. Barclays PLC acquired a new position in shares of Frequency Electronics in the 3rd quarter valued at $153,000. Finally, Evernest Financial Advisors LLC purchased a new position in Frequency Electronics in the 3rd quarter worth $124,000. Institutional investors and hedge funds 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.