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

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

Frequency Electronics Price Performance

NASDAQ:FEIM opened at $12.42 on Wednesday. Frequency Electronics has a 1-year low of $7.20 and a 1-year high of $14.50. The company has a 50-day moving average of $12.83 and a 200 day moving average of $11.06. The firm has a market cap of $117.83 million, a PE ratio of 36.53 and a beta of 0.44.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%. The company had revenue of $15.08 million during the quarter.

Institutional Trading of Frequency Electronics

A number of hedge funds have recently added to or reduced their stakes in FEIM. Evernest Financial Advisors LLC purchased a new stake in shares of Frequency Electronics during the third quarter valued at about $124,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Frequency Electronics during the first quarter valued at about $1,511,000. Finally, Dimensional Fund Advisors LP lifted 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. 58.60% of the stock is owned by hedge funds and other 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.