Frequency Electronics (NASDAQ:FEIM) Shares Up 10.9% – What’s Next?

Frequency Electronics, Inc. (NASDAQ:FEIM) traded up 10.9% during trading on Friday . The stock traded as high as $55.55 and last traded at $55.62. 30,919 shares changed hands during trading, a decline of 83% from the average session volume of 186,346 shares. The stock had previously closed at $50.16.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen raised Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.67.

Frequency Electronics Stock Up 14.8%

The stock has a market cap of $566.64 million, a price-to-earnings ratio of 76.89 and a beta of 0.45. The company has a 50 day simple moving average of $50.47 and a 200 day simple moving average of $45.76.

Frequency Electronics (NASDAQ:FEIM) last issued its earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.The business had revenue of $16.89 million for the quarter, compared to analyst estimates of $19.06 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GatePass Capital LLC acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $848,000. Principal Financial Group Inc. acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $803,000. Navellier & Associates Inc. acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $915,000. Alps Advisors Inc. acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $570,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $1,245,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

Frequency Electronics Company Profile

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.