Frequency Electronics (NASDAQ:FEIM) Announces Earnings Results

Frequency Electronics (NASDAQ:FEIM - Get Free Report) posted its quarterly earnings data on Thursday. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, Zacks reports. 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 during the quarter.

Frequency Electronics Stock Performance

FEIM stock traded down $3.03 during trading on Friday, hitting $19.64. 1,434,934 shares of the company traded hands, compared to its average volume of 111,147. The firm has a market capitalization of $190.06 million, a PE ratio of 7.95 and a beta of 0.47. Frequency Electronics has a 1 year low of $8.96 and a 1 year high of $24.77. The company has a 50-day moving average of $19.82 and a 200-day moving average of $17.84.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Frequency Electronics from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 6th.

Institutional Investors Weigh In On Frequency Electronics

Several institutional investors have recently bought and sold shares of FEIM. Goldman Sachs Group Inc. boosted its holdings in Frequency Electronics by 67.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider's stock valued at $853,000 after acquiring an additional 21,934 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Frequency Electronics during the 1st quarter valued at about $183,000. Finally, Jane Street Group LLC boosted its holdings in Frequency Electronics by 27.2% during the 1st quarter. Jane Street Group LLC now owns 27,610 shares of the communications equipment provider's stock valued at $432,000 after acquiring an additional 5,909 shares during the period. 58.60% of the stock is currently owned by hedge funds and other 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.