Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) shares were up 9% during mid-day trading on Tuesday . The company traded as high as $66.25 and last traded at $67.3410. Approximately 30,833 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 188,061 shares. The stock had previously closed at $61.77.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on FEIM shares. Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Freedom Capital raised shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frequency Electronics in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $43.67.
View Our Latest Stock Report on FEIM
Frequency Electronics Price Performance
Institutional Trading of Frequency Electronics
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Frequency Electronics by 53.1% in the first quarter. Bank of America Corp DE now owns 9,565 shares of the communications equipment provider’s stock worth $423,000 after buying an additional 3,318 shares during the last quarter. Sei Investments Co. increased its position in shares of Frequency Electronics by 93.1% during the first quarter. Sei Investments Co. now owns 91,706 shares of the communications equipment provider’s stock valued at $4,059,000 after acquiring an additional 44,218 shares in the last quarter. First Trust Advisors LP raised its holdings in Frequency Electronics by 0.9% in the 1st quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock worth $966,000 after acquiring an additional 190 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Frequency Electronics by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock worth $11,391,000 after acquiring an additional 6,948 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its position in Frequency Electronics by 65.9% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 10,914 shares of the communications equipment provider’s stock valued at $483,000 after acquiring an additional 4,336 shares in the last quarter. 58.60% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Frequency Electronics
- The Quantum Bubble Is Real Enough to Take Seriously
- Why Wall Street Still Sees Massive Upside for AeroVironment Stock
- Why AppLovin’s CEO Is Selling While Quantum Insiders Are Buying
- Volkswagen’s 16-Year Low Masks a Massive Margin Engine
Receive News & Ratings for Frequency Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
