Frequency Electronics (NASDAQ:FEIM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.55 and traded as high as $17.17. Frequency Electronics shares last traded at $16.99, with a volume of 31,010 shares.

Analyst Ratings Changes

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

Frequency Electronics Trading Down 0.5 %

The firm has a market cap of $163.27 million, a PE ratio of 20.72 and a beta of 0.41. The firm has a fifty day moving average price of $15.94 and a 200 day moving average price of $13.58.

Institutional Trading of Frequency Electronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Frequency Electronics by 26.3% in 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 buying an additional 19,259 shares during the period. Barclays PLC acquired a new position in Frequency Electronics in the 3rd quarter valued at about $153,000. Dimensional Fund Advisors LP grew its position in Frequency Electronics by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after acquiring an additional 1,847 shares in the last quarter. XTX Topco Ltd acquired a new position in Frequency Electronics in the 3rd quarter valued at about $189,000. Finally, Evernest Financial Advisors LLC acquired a new position in Frequency Electronics in the 3rd quarter valued at about $124,000. 58.60% of the stock is currently 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.