Frequency Electronics (NASDAQ:FEIM - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.
Frequency Electronics Trading Down 8.6%
Shares of NASDAQ FEIM traded down $1.96 during mid-day trading on Friday, reaching $20.75. The company had a trading volume of 425,983 shares, compared to its average volume of 99,071. Frequency Electronics has a 52-week low of $8.80 and a 52-week high of $24.77. The stock has a market cap of $200.86 million, a P/E ratio of 8.61 and a beta of 0.47. The firm has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $17.67.
Institutional Trading of Frequency Electronics
Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Frequency Electronics during the 4th quarter worth approximately $27,000. IFP Advisors Inc purchased a new position in Frequency Electronics during the fourth quarter worth $85,000. JPMorgan Chase & Co. raised its holdings in shares of Frequency Electronics by 373.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after acquiring an additional 4,860 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Frequency Electronics in the first quarter valued at $180,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Frequency Electronics in the first quarter valued at $183,000. Institutional investors and hedge funds own 58.60% of the company's stock.
Frequency Electronics Company Profile
(
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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.
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