Frequency Electronics (NASDAQ:FEIM) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Frequency Electronics (NASDAQ:FEIM) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Frequency Electronics Price Performance

FEIM opened at $12.90 on Tuesday. The stock has a market capitalization of $122.38 million, a P/E ratio of 37.94 and a beta of 0.44. The company’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $10.96. Frequency Electronics has a one year low of $7.17 and a one year high of $14.50.

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

Frequency Electronics Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were given a $1.00 dividend. The ex-dividend date was Thursday, August 8th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Frequency Electronics stock. Thompson Davis & CO. Inc. purchased a new position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 138,745 shares of the communications equipment provider’s stock, valued at approximately $1,511,000. Frequency Electronics comprises about 1.0% of Thompson Davis & CO. Inc.’s holdings, making the stock its 9th largest holding. Thompson Davis & CO. Inc. owned 1.46% of Frequency Electronics at the end of the most recent quarter. 58.60% of the stock is owned by hedge funds and other institutional investors.

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.