Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $80.60 and last traded at $80.3150, with a volume of 30706 shares. The stock had previously closed at $78.31.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FEIM. Freedom Capital raised shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, July 20th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $43.67.
Get Our Latest Research Report on FEIM
Frequency Electronics Stock Down 0.1%
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 the consensus estimate of $0.26 by ($0.76). The business had revenue of $15.40 million during the quarter, compared to the consensus estimate of $18.57 million. Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.
Institutional Investors Weigh In On Frequency Electronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Frequency Electronics during the 3rd quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of Frequency Electronics in the fourth quarter worth $26,000. Kestra Advisory Services LLC bought a new stake in shares of Frequency Electronics in the fourth quarter worth $27,000. Wexford Capital LP purchased a new stake in Frequency Electronics during the third quarter valued at $32,000. Finally, BNP Paribas Financial Markets increased its position in 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 acquiring an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.
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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