Frequency Electronics (NASDAQ:FEIM) Downgraded to "Buy" Rating by Wall Street Zen

Frequency Electronics (NASDAQ:FEIM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.

Frequency Electronics Price Performance

Shares of NASDAQ FEIM traded down $0.61 during mid-day trading on Friday, hitting $18.50. The company had a trading volume of 85,104 shares, compared to its average volume of 78,060. The company has a market capitalization of $179.02 million, a PE ratio of 22.56 and a beta of 0.43. Frequency Electronics has a 1-year low of $8.62 and a 1-year high of $21.00. The business's 50-day simple moving average is $17.75 and its 200 day simple moving average is $16.88.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. The business had revenue of $18.93 million for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Insider Activity

In other Frequency Electronics news, Director Russell M. Sarachek purchased 2,161 shares of the business's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the purchase, the director now directly owns 464,080 shares in the company, valued at approximately $7,318,541.60. This represents a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 26.10% of the company's stock.

Institutional Trading of Frequency Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in shares of Frequency Electronics during the fourth quarter worth about $27,000. IFP Advisors Inc purchased a new position in shares of Frequency Electronics during the fourth quarter worth about $85,000. JPMorgan Chase & Co. grew its holdings in shares of Frequency Electronics by 373.6% during the fourth 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. OMERS ADMINISTRATION Corp purchased a new position in shares of Frequency Electronics during the first quarter worth about $180,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Frequency Electronics during the first quarter worth about $183,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.