Frequency Electronics (NASDAQ:FEIM) Upgraded at StockNews.com

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

Frequency Electronics Stock Performance

NASDAQ FEIM opened at $16.71 on Wednesday. Frequency Electronics has a one year low of $8.62 and a one year high of $17.86. The stock has a 50-day moving average of $13.07 and a 200 day moving average of $11.94. The company has a market capitalization of $159.91 million, a price-to-earnings ratio of 20.38 and a beta of 0.48.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.44%. The firm had revenue of $15.08 million for the quarter.

Institutional Investors Weigh In On Frequency Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in shares of Frequency Electronics during the 3rd quarter valued at $153,000. Geode Capital Management LLC increased its position in Frequency Electronics by 26.3% during 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 acquiring an additional 19,259 shares during the last quarter. XTX Topco Ltd bought a new position in Frequency Electronics in the third quarter valued at about $189,000. Thompson Davis & CO. Inc. lifted its holdings in Frequency Electronics by 43.3% in the third 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 during the period. Finally, Evernest Financial Advisors LLC purchased a new position in Frequency Electronics in the third quarter worth about $124,000. 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.