Shares of Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Frequency Electronics from a "buy" rating to a "hold" rating in a research note on Friday.
Read Our Latest Stock Report on FEIM
Frequency Electronics Trading Up 9.3%
The company's 50 day moving average price is $20.23 and its 200-day moving average price is $17.90. The company has a market capitalization of $247.04 million, a PE ratio of 10.28 and a beta of 0.47.
Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The communications equipment provider reported $0.34 earnings per share for the quarter. Frequency Electronics had a net margin of 34.09% and a return on equity of 58.90%. The firm had revenue of $19.99 million during the quarter.
Institutional Investors Weigh In On Frequency Electronics
Several hedge funds and other institutional investors have recently modified their holdings of FEIM. JPMorgan Chase & Co. increased its position in shares of Frequency Electronics by 373.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,161 shares of the communications equipment provider's stock worth $114,000 after purchasing an additional 4,860 shares during the last quarter. Marshall Wace LLP grew its position in shares of Frequency Electronics by 108.7% during the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider's stock valued at $1,884,000 after buying an additional 52,962 shares during the last quarter. MYDA Advisors LLC bought a new stake in shares of Frequency Electronics during the 4th quarter valued at about $259,000. Susquehanna International Group LLP grew its position in shares of Frequency Electronics by 204.8% during the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider's stock valued at $1,547,000 after buying an additional 56,134 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Frequency Electronics during the 4th quarter valued at about $382,000. Institutional investors own 58.60% of the company's stock.
Frequency Electronics Company Profile
(
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.
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