Shares of Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.12 and traded as high as $12.80. Frequency Electronics shares last traded at $12.68, with a volume of 8,641 shares traded.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.
Check Out Our Latest Analysis on FEIM
Frequency Electronics Trading Up 0.3 %
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 EPS for the quarter. The firm had revenue of $15.08 million during the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%.
Frequency Electronics Dividend Announcement
The company also recently announced a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were paid a $1.00 dividend. The ex-dividend date was Thursday, August 8th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of FEIM. Thompson Davis & CO. Inc. acquired a new stake in Frequency Electronics in the 1st quarter valued at about $1,511,000. Evernest Financial Advisors LLC bought a new stake in Frequency Electronics in the third quarter valued at approximately $124,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Frequency Electronics by 0.3% in 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. 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.
Featured Stories
- Five stocks we like better than Frequency Electronics
- How to Start Investing in Real Estate
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- When to Sell a Stock for Profit or Loss
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Frequency Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics and related companies with MarketBeat.com's FREE daily email newsletter.