Frequency Electronics (NASDAQ:FEIM) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded Frequency Electronics from "strong sell" to "sell"; MarketBeat shows one Buy and one Hold analyst, with an average rating of "Moderate Buy" and an average price target of $43.67.
• FEIM shares opened at $54.80 (up about 4.6%), trade in a 52‑week range of $16.00–$61.47, and the company has a market cap of $539.3 million and a PE ratio of 73.07.
• The company missed quarterly expectations, reporting EPS of $0.16 versus $0.30 expected and revenue of $16.89 million versus $19.06 million, with a net margin of 10.78% and ROE of 12.69%.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other research firms have also commented on FEIM. Craig Hallum reiterated a "buy" rating and set a $46.00 price objective on shares of Frequency Electronics in a research report on Friday, December 12th. Loop Capital set a $42.00 price objective on Frequency Electronics in a research note on Tuesday, December 16th. Finally, Weiss Ratings cut shares of Frequency Electronics from a "buy (b+)" rating to a "hold (c+)" rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Frequency Electronics currently has an average rating of "Moderate Buy" and an average target price of $43.67.

Frequency Electronics Stock Up 4.6%

FEIM opened at $54.80 on Friday. The firm has a 50-day simple moving average of $49.30 and a two-hundred day simple moving average of $43.85. Frequency Electronics has a 52 week low of $16.00 and a 52 week high of $61.47. The company has a market capitalization of $539.34 million, a PE ratio of 73.07 and a beta of 0.45.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a net margin of 10.78% and a return on equity of 12.69%. The company had revenue of $16.89 million for the quarter, compared to the consensus estimate of $19.06 million.

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently modified their holdings of FEIM. Caitong International Asset Management Co. Ltd bought a new stake in Frequency Electronics during the 3rd quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Frequency Electronics during the 4th quarter valued at $26,000. Kestra Advisory Services LLC bought a new stake in Frequency Electronics during the 4th quarter valued at $27,000. Wexford Capital LP bought a new stake in Frequency Electronics during the 3rd quarter valued at $32,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Frequency Electronics by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider's stock valued at $44,000 after purchasing an additional 731 shares in the last quarter. 58.60% of the stock is owned by institutional investors.

Frequency Electronics Company Profile

Frequency Electronics, Inc NASDAQ: FEIM is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company's portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.

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