Frequency Electronics (NASDAQ:FEIM) Stock Rating Upgraded by Wall Street Zen

Frequency Electronics (NASDAQ:FEIM) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the company. UBS Group set a $43.00 target price on Frequency Electronics in a research note on Thursday, September 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Frequency Electronics in a research note on Wednesday, October 8th. Finally, Craig Hallum started coverage on shares of Frequency Electronics in a research note on Thursday, September 18th. They set a “buy” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Frequency Electronics has a consensus rating of “Buy” and a consensus price target of $43.00.

Frequency Electronics Stock Performance

FEIM opened at $34.02 on Friday. The company has a fifty day moving average price of $32.20 and a two-hundred day moving average price of $24.49. The firm has a market capitalization of $331.70 million, a PE ratio of 14.86 and a beta of 0.51. Frequency Electronics has a 52 week low of $12.17 and a 52 week high of $39.74.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Thursday, September 11th. The communications equipment provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.29). Frequency Electronics had a net margin of 32.10% and a return on equity of 44.02%. The company had revenue of $13.81 million during the quarter, compared to analyst estimates of $16.53 million. During the same period last year, the company earned $0.25 EPS.

Hedge Funds Weigh In On Frequency Electronics

Institutional investors and hedge funds have recently modified their holdings of the business. Villere ST Denis J & Co. LLC raised its holdings in Frequency Electronics by 12.8% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 14,896 shares of the communications equipment provider’s stock worth $233,000 after buying an additional 1,696 shares during the period. Huntleigh Advisors Inc. boosted its holdings in shares of Frequency Electronics by 16.6% in the first quarter. Huntleigh Advisors Inc. now owns 44,703 shares of the communications equipment provider’s stock valued at $700,000 after buying an additional 6,377 shares during the period. IFP Advisors Inc increased its position in shares of Frequency Electronics by 67.4% during the first quarter. IFP Advisors Inc now owns 7,700 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 3,100 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Frequency Electronics by 23.6% during the first quarter. Moors & Cabot Inc. now owns 26,163 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 5,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Frequency Electronics during the first quarter worth $180,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

About Frequency Electronics

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.