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

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $66.82 and traded as high as $67.84. Frequency Electronics shares last traded at $65.12, with a volume of 278,436 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Weiss Ratings raised Frequency Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Freedom Broker downgraded Frequency Electronics from a “buy” rating to a “hold” rating and increased their price objective for the stock from $77.00 to $91.00 in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $59.67.

Frequency Electronics Price Performance

The firm’s 50 day moving average price is $73.72 and its 200-day moving average price is $66.94. The stock has a market cap of $768.50 million, a P/E ratio of 272.76 and a beta of 0.65.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Thursday, September 10th. The communications equipment provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.15 by $0.26. The company had revenue of $23.45 million during the quarter, compared to the consensus estimate of $17.85 million. Frequency Electronics had a return on equity of 3.63% and a net margin of 3.68%.

Institutional Trading of Frequency Electronics

Several large investors have recently added to or reduced their stakes in FEIM. Farther Finance Advisors LLC lifted its position in shares of Frequency Electronics by 29.8% in the third quarter. Farther Finance Advisors LLC now owns 666 shares of the communications equipment provider’s stock valued at $56,000 after acquiring an additional 153 shares in the last quarter. State of Wyoming bought a new position in shares of Frequency Electronics in the second quarter worth about $63,000. Legal & General Group Plc bought a new position in shares of Frequency Electronics in the second quarter worth about $106,000. IFP Advisors Inc grew its position in shares of Frequency Electronics by 46.0% during the second quarter. IFP Advisors Inc now owns 1,905 shares of the communications equipment provider’s stock worth $126,000 after purchasing an additional 600 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC purchased a new stake in shares of Frequency Electronics during the third quarter worth about $222,000. 58.60% of the stock is currently owned by institutional investors.

About Frequency Electronics

Frequency Electronics, Inc (NASDAQ: FEIM) develops and manufactures precision timing and frequency-control products for demanding communications, aerospace, defense and commercial applications. Its technologies are designed to generate, stabilize and distribute highly accurate timing signals used by electronic systems and networks.

The company’s product portfolio includes crystal oscillators, frequency synthesizers, timing and synchronization systems, GPS/GNSS-disciplined timing products, atomic frequency references and related components.