Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.85 and traded as high as $22.01. Frequency Electronics shares last traded at $21.47, with a volume of 351,295 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Frequency Electronics from a "buy" rating to a "hold" rating in a research report on Friday.
Get Our Latest Analysis on FEIM
Frequency Electronics Price Performance
The firm's 50 day simple moving average is $20.02 and its 200 day simple moving average is $17.85. The stock has a market capitalization of $207.83 million, a PE ratio of 8.69 and a beta of 0.47.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 34.09% and a return on equity of 58.90%. The business had revenue of $19.99 million for the quarter.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in Frequency Electronics during the 2nd quarter worth about $25,000. Goldman Sachs Group Inc. raised its position in Frequency Electronics by 67.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider's stock valued at $853,000 after purchasing an additional 21,934 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Frequency Electronics by 27.2% during the first quarter. Jane Street Group LLC now owns 27,610 shares of the communications equipment provider's stock worth $432,000 after buying an additional 5,909 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Frequency Electronics during the 1st quarter worth approximately $183,000. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Frequency Electronics in the 1st quarter worth $313,000. Institutional investors and hedge funds own 58.60% of the company's stock.
About Frequency Electronics
(
Get Free Report)
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.
See Also
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