Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) Director Russell M. Sarachek acquired 1,602 shares of the business’s stock in a transaction on Friday, April 19th. The shares were bought at an average cost of $9.51 per share, with a total value of $15,235.02. Following the completion of the acquisition, the director now owns 435,347 shares in the company, valued at $4,140,149.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Frequency Electronics Price Performance
Shares of FEIM opened at $9.62 on Friday. Frequency Electronics, Inc. has a 1 year low of $6.22 and a 1 year high of $11.41. The company has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $9.74. The firm has a market cap of $91.29 million, a P/E ratio of 28.29 and a beta of 0.46.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last posted its earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%. The firm had revenue of $13.71 million during the quarter.
Institutional Inflows and Outflows
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.
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