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

Frequency Electronics (NASDAQ:FEIM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Frequency Electronics Stock Performance

Shares of NASDAQ FEIM opened at $12.55 on Wednesday. Frequency Electronics has a 1-year low of $7.17 and a 1-year high of $14.50. The company has a 50-day moving average of $12.81 and a two-hundred day moving average of $11.04. The company has a market cap of $119.06 million, a PE ratio of 36.91 and a beta of 0.44.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data 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%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Evernest Financial Advisors LLC acquired a new stake in shares of Frequency Electronics during the 3rd quarter worth approximately $124,000. Thompson Davis & CO. Inc. bought a new position in Frequency Electronics in the first quarter valued at approximately $1,511,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $6,237,000 after acquiring an additional 1,847 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.