Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report)’s stock price dropped 5.6% on Monday . The stock traded as low as $71.10 and last traded at $71.0660. Approximately 30,840 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 183,465 shares. The stock had previously closed at $75.28.
Analyst Ratings Changes
FEIM has been the topic of several research reports. Weiss Ratings downgraded shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a report on Wednesday, March 18th. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One investment 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 data from MarketBeat, Frequency Electronics presently has an average rating of “Buy” and a consensus price target of $43.67.
View Our Latest Stock Report on FEIM
Frequency Electronics Trading Down 1.4%
Institutional Investors Weigh In On Frequency Electronics
Several institutional investors and hedge funds have recently added to or reduced their stakes in FEIM. Caitong International Asset Management Co. Ltd purchased a new stake in Frequency Electronics in the 3rd quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in Frequency Electronics in the 4th quarter worth $26,000. Kestra Advisory Services LLC purchased a new stake in Frequency Electronics in the 4th quarter worth $27,000. Wexford Capital LP purchased a new stake in Frequency Electronics in the 3rd quarter worth $32,000. Finally, BNP Paribas Financial Markets increased its holdings in Frequency Electronics by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.
About Frequency Electronics
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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