Frequency Electronics (NASDAQ:FEIM) Stock Passes Above Two Hundred Day Moving Average of $10.80

Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.80 and traded as high as $12.14. Frequency Electronics shares last traded at $12.08, with a volume of 62,353 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Frequency Electronics Trading Up 1.7 %

The business has a 50-day moving average of $13.00 and a 200 day moving average of $10.80. The firm has a market capitalization of $114.60 million, a P/E ratio of 35.53 and a beta of 0.45.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Monday, July 22nd. The communications equipment provider reported $0.28 EPS for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%. The firm had revenue of $15.58 million during the quarter.

Frequency Electronics Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 8th.

Institutional Investors Weigh In On Frequency Electronics

An institutional investor recently bought a new position in Frequency Electronics stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 138,745 shares of the communications equipment provider’s stock, valued at approximately $1,511,000. Frequency Electronics comprises 1.0% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 9th largest position. Thompson Davis & CO. Inc. owned approximately 1.46% of Frequency Electronics as of its most recent SEC filing. 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.