Frequency Electronics (NASDAQ:FEIM) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Frequency Electronics' stock price has surpassed its 200-day moving average, marking a significant trading milestone, with shares last trading at $29.01.
• Analysts at Wall Street Zen downgraded the stock from a "buy" to a "hold" rating, suggesting a more cautious outlook on the company's performance.
• Institutional investors have shown strong interest in Frequency Electronics, with significant stake increases from companies like Thompson Davis & CO. Inc. and Lazard Asset Management LLC during the 2nd quarter.

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.68 and traded as high as $29.72. Frequency Electronics shares last traded at $29.01, with a volume of 251,724 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Frequency Electronics from a "buy" rating to a "hold" rating in a research report on Friday, July 18th.

Frequency Electronics Trading Down 1.7%

The business has a 50 day moving average of $25.14 and a 200-day moving average of $19.90. The stock has a market cap of $314.17 million, a PE ratio of 13.07 and a beta of 0.45.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 53.83% and a net margin of 34.09%.The firm had revenue of $19.99 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in shares of Frequency Electronics in the 2nd quarter valued at approximately $25,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Frequency Electronics in the 2nd quarter valued at approximately $30,000. Bank of America Corp DE grew its stake in shares of Frequency Electronics by 3,558.9% in the 2nd quarter. Bank of America Corp DE now owns 2,671 shares of the communications equipment provider's stock valued at $61,000 after purchasing an additional 2,598 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Frequency Electronics in the 2nd quarter valued at approximately $82,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Frequency Electronics by 10,807.7% in the 2nd quarter. Lazard Asset Management LLC now owns 4,254 shares of the communications equipment provider's stock valued at $96,000 after buying an additional 4,215 shares during the period. 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.