Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.31 and traded as high as $43.68. Frequency Electronics shares last traded at $42.09, with a volume of 142,222 shares.
Wall Street Analyst Weigh In
Several brokerages have weighed in on FEIM. Craig Hallum restated a "buy" rating and set a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. Weiss Ratings downgraded shares of Frequency Electronics from a "buy (b+)" rating to a "hold (c+)" rating in a research report on Wednesday, March 18th. Wall Street Zen lowered Frequency Electronics from a "hold" rating to a "sell" rating in a research note on Sunday, December 14th. Finally, Loop Capital set a $42.00 price target on Frequency Electronics in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.67.
Read Our Latest Research Report on Frequency Electronics
Frequency Electronics Trading Down 1.7%
The stock has a market capitalization of $414.17 million, a PE ratio of 56.12 and a beta of 0.35. The company's 50 day simple moving average is $50.92 and its 200 day simple moving average is $42.31.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.14). The business had revenue of $16.89 million for the quarter, compared to analyst estimates of $19.06 million. Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.
Institutional Trading of Frequency Electronics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEIM. GatePass Capital LLC purchased a new position in shares of Frequency Electronics during the 3rd quarter worth about $848,000. Principal Financial Group Inc. purchased a new stake in Frequency Electronics in the third quarter valued at approximately $803,000. Navellier & Associates Inc. purchased a new stake in Frequency Electronics in the third quarter valued at approximately $915,000. Corsair Capital Management L.P. acquired a new position in Frequency Electronics during the second quarter worth approximately $511,000. Finally, Alps Advisors Inc. purchased a new position in Frequency Electronics during the third quarter worth approximately $570,000. Hedge funds and other institutional investors own 58.60% of the company's stock.
About Frequency Electronics
(
Get Free Report)
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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