Frequency Electronics (NASDAQ:FEIM) Shares Pass Above 200-Day Moving Average of $9.65

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.65 and traded as high as $9.85. Frequency Electronics shares last traded at $9.73, with a volume of 7,009 shares traded.

Frequency Electronics Stock Up 1.1 %

The firm has a market cap of $93.33 million, a price-to-earnings ratio of 28.62 and a beta of 0.46. The company's 50-day moving average price is $10.50 and its 200-day moving average price is $9.65.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.71 million for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%.

Insider Activity at Frequency Electronics

In other news, Director Edenbrook Capital, Llc bought 10,000 shares of Frequency Electronics stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average price of $9.94 per share, with a total value of $99,400.00. Following the completion of the acquisition, the director now directly owns 1,602,306 shares in the company, valued at $15,926,921.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.40% of the stock is owned by corporate insiders.

Institutional Trading of Frequency Electronics

Several hedge funds have recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new position in Frequency Electronics in the fourth quarter valued at approximately $55,000. Villere ST Denis J & Co. LLC purchased a new position in shares of Frequency Electronics during the third quarter worth approximately $69,000. Smith Moore & CO. grew its position in shares of Frequency Electronics by 20.0% during the first quarter. Smith Moore & CO. now owns 12,000 shares of the communications equipment provider's stock worth $83,000 after acquiring an additional 2,000 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Frequency Electronics during the fourth quarter worth approximately $170,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Frequency Electronics during the fourth quarter worth approximately $199,000. Institutional investors and hedge funds own 58.60% of the company's stock.

Frequency Electronics Company Profile

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.