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

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Frequency Electronics Price Performance

The stock has a market capitalization of $178.01 million, a PE ratio of 22.43 and a beta of 0.38. The stock's 50 day simple moving average is $17.29 and its two-hundred day simple moving average is $16.53.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. The company 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 Frequency Electronics news, Director Russell M. Sarachek acquired 2,161 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $15.77 per share, with a total value of $34,078.97. Following the acquisition, the director now owns 464,080 shares in the company, valued at approximately $7,318,541.60. This represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 26.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. G2 Investment Partners Management LLC purchased a new stake in Frequency Electronics in the 4th quarter worth approximately $1,927,000. Marshall Wace LLP lifted its stake 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 purchasing an additional 52,962 shares in the last quarter. Nokomis Capital L.L.C. purchased a new stake in Frequency Electronics in the 4th quarter worth approximately $1,778,000. Susquehanna International Group LLP lifted its stake 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 purchasing an additional 56,134 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Frequency Electronics by 109.4% in the 4th quarter. Two Sigma Investments LP now owns 71,644 shares of the communications equipment provider's stock worth $1,327,000 after purchasing an additional 37,438 shares in the last quarter. 58.60% of the stock is owned by 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.