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

Frequency Electronics (NASDAQ:FEIM) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Frequency Electronics Price Performance

Frequency Electronics stock opened at $18.56 on Friday. Frequency Electronics has a 12-month low of $8.62 and a 12-month high of $19.47. The company has a market capitalization of $177.56 million, a price-to-earnings ratio of 22.63 and a beta of 0.48. The firm’s fifty day moving average price is $13.65 and its 200 day moving average price is $12.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. increased its holdings 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 worth $920,000 after purchasing an additional 23,009 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $1,117,000 after buying an additional 19,259 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Frequency Electronics in the third quarter worth $189,000. Barclays PLC bought a new position in Frequency Electronics during the 3rd quarter valued at $153,000. Finally, Evernest Financial Advisors LLC bought a new position in Frequency Electronics during the 3rd quarter valued at $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.