Frequency Electronics (NASDAQ:FEIM) Rating Increased to Buy at StockNews.com

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

Frequency Electronics Price Performance

NASDAQ FEIM opened at $12.55 on Wednesday. Frequency Electronics has a 12 month low of $7.17 and a 12 month high of $14.50. The firm has a market capitalization of $119.06 million, a PE ratio of 36.91 and a beta of 0.44. The company’s 50 day simple moving average is $12.81 and its 200 day simple moving average is $11.04.

Frequency Electronics (NASDAQ:FEIM) last issued 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 return on equity of 16.40% and a net margin of 10.32%. The firm had revenue of $15.08 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised 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 purchasing an additional 1,847 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in Frequency Electronics during the 3rd quarter valued at $124,000. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Frequency Electronics in the 1st quarter worth approximately $1,511,000. Hedge funds and other 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.