Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.45 and traded as high as $60.68. Frequency Electronics shares last traded at $57.77, with a volume of 151,657 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FEIM shares. Weiss Ratings downgraded shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded Frequency Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Trading Up 2.8%

The stock’s 50-day simple moving average is $52.20 and its 200-day simple moving average is $47.75. The firm has a market capitalization of $586.07 million, a P/E ratio of 79.41 and a beta of 0.53.

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

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in Frequency Electronics by 0.9% in the 1st quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock valued at $966,000 after purchasing an additional 190 shares during the period. Flagship Harbor Advisors LLC bought a new position in Frequency Electronics in the 4th quarter valued at $26,000. Kestra Advisory Services LLC bought a new position in Frequency Electronics in the 4th quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its stake in Frequency Electronics by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 57,350 shares of the communications equipment provider’s stock valued at $2,538,000 after purchasing an additional 541 shares during the period. Finally, Informed Momentum Co LLC grew its stake in 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 purchasing an additional 541 shares during the period. 58.60% of the stock is owned by institutional investors.

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.