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

StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a buy rating to a strong-buy rating in a report released on Friday.

Frequency Electronics Stock Performance

NASDAQ:FEIM opened at $19.02 on Friday. The firm has a market capitalization of $182.80 million, a PE ratio of 23.20 and a beta of 0.48. The stock’s fifty day moving average is $13.77 and its 200 day moving average is $12.35. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $19.47.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Frequency Electronics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after acquiring an additional 1,847 shares during the last quarter. Evernest Financial Advisors LLC bought a new position in shares of Frequency Electronics in the third quarter worth about $124,000. Thompson Davis & CO. Inc. increased its stake in Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares during the period. XTX Topco Ltd bought a new stake in Frequency Electronics during the 3rd quarter valued at about $189,000. Finally, Barclays PLC bought a new position in Frequency Electronics in the 3rd quarter worth about $153,000. Institutional investors own 58.60% of the company’s stock.

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.