Wall Street Zen cut shares of Frequency Electronics (NASDAQ:FEIM - Free Report) from a buy rating to a hold rating in a report released on Friday.
Frequency Electronics Price Performance
FEIM stock traded up $1.09 during midday trading on Friday, reaching $21.47. 351,295 shares of the stock were exchanged, compared to its average volume of 118,856. The stock has a market capitalization of $207.83 million, a PE ratio of 8.69 and a beta of 0.47. Frequency Electronics has a 52 week low of $9.50 and a 52 week high of $24.77. The company has a fifty day moving average price of $20.10 and a 200 day moving average price of $17.87.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 EPS for the quarter. Frequency Electronics had a return on equity of 58.90% and a net margin of 34.09%. The firm had revenue of $19.99 million for the quarter.
Institutional Investors Weigh In On Frequency Electronics
A number of institutional investors have recently made changes to their positions in FEIM. Farther Finance Advisors LLC bought a new stake in shares of Frequency Electronics in the 2nd quarter valued at about $25,000. JPMorgan Chase & Co. grew its position in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock valued at $114,000 after buying an additional 4,860 shares during the last quarter. IFP Advisors Inc grew its position in shares of Frequency Electronics by 67.4% in the 1st quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider's stock valued at $121,000 after buying an additional 3,100 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Frequency Electronics in the 1st quarter valued at about $180,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Frequency Electronics in the 1st quarter valued at about $183,000. Institutional investors own 58.60% of the company's stock.
About Frequency Electronics
(
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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.
Further Reading
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