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

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

Frequency Electronics Stock Down 2.6 %

Shares of Frequency Electronics stock opened at $16.25 on Tuesday. The firm has a market cap of $157.25 million, a PE ratio of 19.82 and a beta of 0.41. Frequency Electronics has a twelve month low of $8.62 and a twelve month high of $20.33. The business has a 50-day moving average price of $16.38 and a 200 day moving average price of $14.98.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The business had revenue of $18.93 million during the quarter.

Institutional Trading of Frequency Electronics

A number of institutional investors and hedge funds have recently modified their holdings of FEIM. XTX Topco Ltd acquired a new position in shares of Frequency Electronics during the 3rd quarter worth approximately $189,000. Barclays PLC acquired a new position in shares of Frequency Electronics during the 3rd quarter valued at about $153,000. Geode Capital Management LLC grew its holdings in shares of 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 valued at $1,117,000 after purchasing an additional 19,259 shares during the period. Global Retirement Partners LLC acquired a new stake in Frequency Electronics during the fourth quarter worth about $27,000. Finally, IFP Advisors Inc purchased a new position in Frequency Electronics during the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.

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.