Frequency Electronics (NASDAQ:FEIM) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a hold rating to a buy rating in a report published on Friday.

Frequency Electronics Stock Performance

FEIM opened at $13.19 on Friday. The company has a market cap of $125.17 million, a PE ratio of 38.79 and a beta of 0.46. The stock has a 50-day moving average of $9.99 and a 200-day moving average of $10.15. Frequency Electronics has a 52-week low of $6.35 and a 52-week high of $14.23.

Frequency Electronics Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th will be paid a $1.00 dividend. The ex-dividend date is Thursday, August 8th.

Hedge Funds Weigh In On Frequency Electronics

Several institutional investors and hedge funds have recently made changes to their positions in FEIM. Thompson Siegel & Walmsley LLC acquired a new stake in Frequency Electronics during the 4th quarter worth about $199,000. First United Bank & Trust bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $55,000. Hillsdale Investment Management Inc. bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $170,000. Villere ST Denis J & Co. LLC grew its stake in Frequency Electronics by 32.0% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock valued at $144,000 after buying an additional 3,200 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Frequency Electronics in the 1st quarter valued at approximately $1,511,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.