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

Wall Street Zen downgraded shares of Frequency Electronics (NASDAQ:FEIM - Free Report) from a buy rating to a hold rating in a report issued on Friday.

Frequency Electronics Trading Up 8.7%

NASDAQ FEIM traded up $2.02 during mid-day trading on Friday, hitting $25.24. The company's stock had a trading volume of 483,263 shares, compared to its average volume of 121,851. The company's 50 day simple moving average is $20.23 and its 200 day simple moving average is $17.90. Frequency Electronics has a twelve month low of $9.50 and a twelve month high of $25.60. The firm has a market capitalization of $244.27 million, a price-to-earnings ratio of 10.19 and a beta of 0.47.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share for the quarter. Frequency Electronics had a return on equity of 58.90% and a net margin of 34.09%. The business had revenue of $19.99 million for the quarter.

Hedge Funds Weigh In On Frequency Electronics

Several large investors have recently bought and sold shares of FEIM. G2 Investment Partners Management LLC purchased a new stake in Frequency Electronics in the 4th quarter worth about $1,927,000. Nokomis Capital L.L.C. purchased a new stake in Frequency Electronics in the 4th quarter worth about $1,778,000. Two Sigma Advisers LP purchased a new stake in Frequency Electronics in the 4th quarter worth about $1,057,000. Susquehanna International Group LLP increased its holdings in Frequency Electronics by 204.8% in the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock worth $1,547,000 after acquiring an additional 56,134 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock worth $1,884,000 after acquiring an additional 52,962 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors.

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.