StockNews.com Downgrades Frequency Electronics (NASDAQ:FEIM) to Buy

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

Frequency Electronics Trading Up 13.8 %

FEIM opened at $16.00 on Friday. Frequency Electronics has a 1-year low of $8.62 and a 1-year high of $20.33. The company has a market capitalization of $153.78 million, a PE ratio of 19.51 and a beta of 0.41. The firm’s 50 day simple moving average is $16.53 and its two-hundred day simple moving average is $14.86.

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

Institutional Trading of Frequency Electronics

Institutional investors and hedge funds have recently modified their holdings of the company. G2 Investment Partners Management LLC purchased a new position in Frequency Electronics during the fourth quarter valued at $1,927,000. Marshall Wace LLP grew its stake in Frequency Electronics by 108.7% during the fourth quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after acquiring an additional 52,962 shares in the last quarter. Nokomis Capital L.L.C. purchased a new position in Frequency Electronics during the fourth quarter valued at $1,778,000. Geode Capital Management LLC grew its stake in shares of Frequency Electronics by 26.3% in the 3rd 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 in the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of Frequency Electronics by 204.8% in the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock worth $1,547,000 after buying an additional 56,134 shares in the last quarter. 58.60% of the stock is currently owned by institutional investors.

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.