Frequency Electronics (NASDAQ:FEIM) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Frequency Electronics, Inc. (NASDAQ:FEIMGet 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 %

The company has a market capitalization of $120.30 million, a price-to-earnings ratio of 37.29 and a beta of 0.44. The stock’s 50 day moving average price is $12.81 and its 200 day moving average price is $11.14.

Frequency Electronics (NASDAQ:FEIMGet 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

(Get Free Report)

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

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.