StockNews.com Downgrades Frequency Electronics (NASDAQ:FEIM) to Buy

Frequency Electronics (NASDAQ:FEIM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Frequency Electronics Stock Performance

FEIM stock opened at $15.72 on Tuesday. The business has a 50-day simple moving average of $16.35 and a two-hundred day simple moving average of $14.98. The company has a market capitalization of $152.12 million, a P/E ratio of 19.17 and a beta of 0.41. Frequency Electronics has a 52-week low of $8.62 and a 52-week high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The company had revenue of $18.93 million for the quarter.

Institutional Trading of Frequency Electronics

Institutional investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC bought a new position in shares of Frequency Electronics during the fourth quarter valued at about $1,927,000. Marshall Wace LLP increased its stake in Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock valued at $1,884,000 after buying an additional 52,962 shares during the last quarter. Nokomis Capital L.L.C. purchased a new stake in Frequency Electronics in the 4th quarter valued at about $1,778,000. Geode Capital Management LLC lifted its position in shares of Frequency Electronics by 26.3% during the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after buying an additional 19,259 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Frequency Electronics by 204.8% in the 4th quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock worth $1,547,000 after buying an additional 56,134 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Company Profile

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.