Frequency Electronics (NASDAQ:FEIM) Stock Price Down 6.6% - What's Next?

Key Points

• Frequency Electronics shares fell 6.6% to about $70.25, with trading volume 49% below the average. The stock remains above its 50-day and 200-day moving averages.
• The company reported a significant quarterly earnings miss, posting a loss of $0.50 per share versus expectations for earnings of $0.26, while revenue of $15.4 million also fell short of the $18.57 million estimate.
• Analyst sentiment is mixed but averages a “Buy” rating, with a consensus price target of $43.67—well below the current share price. Institutional investors own approximately 58.6% of the company.

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares dropped 6.6% on Wednesday . The stock traded as low as $70.44 and last traded at $70.2460. 114,355 shares were traded during trading, a decline of 49% from the average daily volume of 225,848 shares. The stock had previously closed at $75.17.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FEIM. Weiss Ratings downgraded shares of Frequency Electronics from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, July 20th. Wall Street Zen upgraded Frequency Electronics from a "strong sell" rating to a "sell" rating in a report on Saturday, July 4th. Finally, Freedom Capital raised Frequency Electronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $43.67.

Frequency Electronics Stock Performance

The firm has a market capitalization of $689.81 million, a PE ratio of -776.00 and a beta of 0.73. The firm's 50-day moving average is $67.96 and its 200 day moving average is $59.24.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.76). Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.The business had revenue of $15.40 million for the quarter, compared to analyst estimates of $18.57 million.

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of FEIM. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frequency Electronics during the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new stake in Frequency Electronics in the 4th quarter valued at about $27,000. Wexford Capital LP purchased a new stake in Frequency Electronics in the 3rd quarter valued at about $32,000. BNP Paribas Financial Markets increased its stake in shares of Frequency Electronics by 130.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider's stock valued at $44,000 after acquiring an additional 731 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Frequency Electronics during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 58.60% of the company's stock.

Frequency Electronics Company Profile

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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