Frequency Electronics (NASDAQ:FEIM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.06 and traded as high as $17.36. Frequency Electronics shares last traded at $16.88, with a volume of 18,812 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th.

Frequency Electronics Trading Up 0.8 %

The company has a market cap of $162.22 million, a P/E ratio of 20.59 and a beta of 0.41. The stock’s 50 day moving average is $16.68 and its 200-day moving average is $14.06.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Tuesday, December 10th. The communications equipment provider reported $0.28 EPS for the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Frequency Electronics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after buying an additional 1,847 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Frequency Electronics by 26.3% during the 3rd 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. Thompson Davis & CO. Inc. grew its stake in shares of 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 worth $920,000 after acquiring an additional 23,009 shares during the period. XTX Topco Ltd purchased a new position in shares of Frequency Electronics during the third quarter valued at approximately $189,000. Finally, Barclays PLC bought a new position in Frequency Electronics during the third quarter valued at approximately $153,000. 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.