Frequency Electronics (NASDAQ:FEIM) Rating Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Frequency Electronics (NASDAQ:FEIM) 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) 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

Several large investors have recently bought and sold shares of FEIM. Thompson Davis & CO. Inc. boosted its position in Frequency Electronics by 43.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $920,000 after acquiring an additional 23,009 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Frequency Electronics in the 3rd quarter worth approximately $189,000. Barclays PLC bought a new stake in shares of Frequency Electronics in the 3rd quarter worth approximately $153,000. Geode Capital Management LLC boosted its position in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after purchasing an additional 19,259 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Frequency Electronics in the 4th quarter worth approximately $27,000. 58.60% of the stock is owned by institutional investors.

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.