Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) shares saw strong trading volume on Wednesday . 665,685 shares traded hands during trading, an increase of 214% from the previous session’s volume of 211,819 shares.The stock last traded at $60.6170 and had previously closed at $66.46.
Analyst Ratings Changes
Several research firms have weighed in on FEIM. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings cut shares of Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Frequency Electronics currently has an average rating of “Buy” and an average target price of $43.67.
View Our Latest Stock Report on FEIM
Frequency Electronics Trading Up 3.8%
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The communications equipment provider reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.76). The firm had revenue of $15.40 million during the quarter, compared to analyst estimates of $18.57 million. Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Ausbil Investment Management Ltd bought a new position in shares of Frequency Electronics during the 2nd quarter valued at $515,000. Bank of America Corp DE boosted 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 purchasing an additional 3,318 shares in the last quarter. Sei Investments Co. boosted its holdings in Frequency Electronics by 93.1% in the first quarter. Sei Investments Co. now owns 91,706 shares of the communications equipment provider’s stock worth $4,059,000 after purchasing an additional 44,218 shares in the last quarter. First Trust Advisors LP increased its position in Frequency Electronics by 0.9% during the first quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock worth $966,000 after buying an additional 190 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Frequency Electronics by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock worth $11,391,000 after buying an additional 6,948 shares during the last quarter. Institutional investors and hedge funds 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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