Shares of Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.45 and traded as high as $60.68. Frequency Electronics shares last traded at $57.77, with a volume of 151,657 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Weiss Ratings downgraded Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Frequency Electronics has an average rating of “Buy” and a consensus target price of $43.67.
Check Out Our Latest Stock Analysis on FEIM
Frequency Electronics Price Performance
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last posted its earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a net margin of 10.78% and a return on equity of 12.69%. The business had revenue of $16.89 million for the quarter, compared to analysts’ expectations of $19.06 million.
Hedge Funds Weigh In On Frequency Electronics
Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Frequency Electronics during the third quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Frequency Electronics during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC purchased a new position in shares of Frequency Electronics during the fourth quarter valued at approximately $27,000. Wexford Capital LP purchased a new position in shares of Frequency Electronics during the third quarter valued at approximately $32,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Frequency Electronics by 130.5% during the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 731 shares during the period. 58.60% of the stock is owned by hedge funds and other 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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