Frequency Electronics (NASDAQ:FEIM) Downgraded to "Buy" Rating by Wall Street Zen

Frequency Electronics (NASDAQ:FEIM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Frequency Electronics Price Performance

Shares of NASDAQ FEIM traded up $0.67 during mid-day trading on Friday, reaching $21.80. The company's stock had a trading volume of 106,846 shares, compared to its average volume of 100,413. The firm has a market capitalization of $211.02 million, a PE ratio of 9.05 and a beta of 0.47. The stock has a fifty day moving average of $19.51 and a two-hundred day moving average of $17.74. Frequency Electronics has a 52 week low of $8.83 and a 52 week high of $24.77.

Hedge Funds Weigh In On Frequency Electronics

Hedge funds have recently made changes to their positions in the business. G2 Investment Partners Management LLC bought a new position in Frequency Electronics during the fourth quarter valued at approximately $1,927,000. Nokomis Capital L.L.C. bought a new position in Frequency Electronics during the fourth quarter valued at approximately $1,778,000. Two Sigma Advisers LP bought a new position in Frequency Electronics during the fourth quarter valued at approximately $1,057,000. Susquehanna International Group LLP boosted its stake in Frequency Electronics by 204.8% during 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 buying an additional 56,134 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Frequency Electronics by 108.7% during the fourth 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 during the last quarter. 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.