Frequency Electronics (NASDAQ:FEIM) Stock Crosses Above 200-Day Moving Average - Here's Why

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.39 and traded as high as $19.75. Frequency Electronics shares last traded at $19.07, with a volume of 188,227 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Frequency Electronics from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 25th.

Frequency Electronics Stock Up 7.2%

The company has a 50-day moving average price of $17.17 and a two-hundred day moving average price of $16.48. The stock has a market capitalization of $197.80 million, a P/E ratio of 24.93 and a beta of 0.38.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. The firm had revenue of $18.93 million during the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

Insider Buying and Selling

In other news, Director Russell M. Sarachek bought 2,161 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of $15.77 per share, with a total value of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares in the company, valued at $7,318,541.60. This represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 26.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Frequency Electronics

A number of institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in Frequency Electronics during the 4th quarter valued at approximately $27,000. IFP Advisors Inc bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $85,000. JPMorgan Chase & Co. increased its stake in shares of Frequency Electronics by 373.6% during the fourth 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 period. OMERS ADMINISTRATION Corp bought a new position in shares of Frequency Electronics during the first quarter valued at approximately $180,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Frequency Electronics during the first quarter valued at approximately $183,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

About Frequency Electronics

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.