StockNews.com downgraded shares of Frequency Electronics (NASDAQ:FEIM – Free Report) from a strong-buy rating to a buy rating in a research report released on Friday morning.
Frequency Electronics Stock Performance
Frequency Electronics stock opened at $16.00 on Friday. The stock’s 50 day simple moving average is $16.53 and its two-hundred day simple moving average is $14.87. The stock has a market cap of $153.78 million, a price-to-earnings ratio of 19.51 and a beta of 0.41. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $20.33.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. The business had revenue of $18.93 million for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.
Institutional Trading of Frequency Electronics
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.
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