Frequency Electronics (NASDAQ:FEIM) Rating Increased to Strong-Buy at StockNews.com

Frequency Electronics (NASDAQ:FEIM) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Frequency Electronics Price Performance

Shares of FEIM stock traded up $3.91 during mid-day trading on Wednesday, hitting $16.70. The stock had a trading volume of 906,969 shares, compared to its average volume of 50,652. The firm has a market cap of $159.82 million, a PE ratio of 26.94 and a beta of 0.48. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $17.86. The company’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $11.90.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. The firm had revenue of $15.08 million during the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%.

Hedge Funds Weigh In On Frequency Electronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after buying an additional 1,847 shares during the period. Evernest Financial Advisors LLC acquired a new position in Frequency Electronics during the 3rd quarter valued at about $124,000. Barclays PLC acquired a new stake in Frequency Electronics in the 3rd quarter valued at approximately $153,000. XTX Topco Ltd acquired a new stake in shares of Frequency Electronics in the 3rd quarter worth approximately $189,000. Finally, Geode Capital Management LLC raised its position in Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after acquiring an additional 19,259 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Frequency Electronics

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.