Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.63 and traded as high as $61.23. Frequency Electronics shares last traded at $60.61, with a volume of 167,614 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FEIM. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings lowered shares of Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Frequency Electronics has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Stock Down 4.5%

The stock has a 50-day moving average price of $66.56 and a 200 day moving average price of $59.71. The firm has a market capitalization of $602.56 million, a price-to-earnings ratio of -678.33 and a beta of 0.73.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings results on Wednesday, July 15th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.76). Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.The firm had revenue of $15.40 million during the quarter, compared to analysts’ expectations of $18.57 million.

Hedge Funds Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP raised its stake in Frequency Electronics by 0.9% in the first quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock valued at $966,000 after buying an additional 190 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Frequency Electronics during the 4th quarter worth about $27,000. Allspring Global Investments Holdings LLC boosted its position in shares of Frequency Electronics by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 57,350 shares of the communications equipment provider’s stock worth $2,538,000 after acquiring an additional 541 shares in the last quarter. Informed Momentum Co LLC increased its holdings in shares of Frequency Electronics by 1.2% in the 4th quarter. Informed Momentum Co LLC now owns 47,007 shares of the communications equipment provider’s stock valued at $2,531,000 after acquiring an additional 541 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Frequency Electronics by 52.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,010 shares of the communications equipment provider’s stock valued at $108,000 after acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

About Frequency Electronics

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.