Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.63 and traded as high as $61.23. Frequency Electronics shares last traded at $60.61, with a volume of 167,614 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on FEIM shares. Weiss Ratings lowered Frequency Electronics from a "hold (c+)" rating to a "hold (c)" rating in a 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 report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $43.67.

Frequency Electronics Price Performance

The company's fifty day moving average price is $66.74 and its 200 day moving average price is $59.63. The company has a market cap of $598.22 million, a PE ratio of -673.44 and a beta of 0.73.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $15.40 million for the quarter, compared to analysts' expectations of $18.57 million.

Hedge Funds Weigh In On Frequency Electronics

Several institutional investors have recently modified their holdings of FEIM. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frequency Electronics during the third quarter valued at approximately $25,000. Kestra Advisory Services LLC bought a new position in Frequency Electronics in the 4th quarter valued at $27,000. Wexford Capital LP bought a new position in Frequency Electronics in the 3rd quarter valued at $32,000. BNP Paribas Financial Markets increased its position 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 purchasing an additional 731 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Frequency Electronics during the 4th quarter valued at $49,000. 58.60% of the stock is owned by institutional investors.

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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