Frequency Electronics, Inc. (NASDAQ:FEIM) Major Shareholder Acquires $657,016.00 in Stock

Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Edenbrook Capital, Llc purchased 77,296 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $657,016.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Frequency Electronics, Inc. (NASDAQ FEIM) traded down 1.36% during mid-day trading on Monday, hitting $8.73. The stock had a trading volume of 34,250 shares. The firm has a 50 day moving average of $9.70 and a 200-day moving average of $10.53. The stock’s market cap is $76.20 million. Frequency Electronics, Inc. has a one year low of $7.91 and a one year high of $11.99.

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Separately, TheStreet raised Frequency Electronics from a “d+” rating to a “c-” rating in a report on Friday, April 7th.

Frequency Electronics Company Profile

Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).

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