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

StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Frequency Electronics Price Performance

Shares of NASDAQ:FEIM opened at $12.26 on Wednesday. Frequency Electronics has a 1 year low of $7.17 and a 1 year high of $14.50. The business has a 50 day simple moving average of $12.82 and a two-hundred day simple moving average of $11.05. The firm has a market capitalization of $116.31 million, a PE ratio of 36.06 and a beta of 0.44.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $15.08 million during the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%.

Frequency Electronics Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 8th.

Institutional Trading of Frequency Electronics

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after purchasing an additional 1,847 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Frequency Electronics in the first quarter valued at approximately $1,511,000. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of Frequency Electronics in the third quarter valued at approximately $124,000. Hedge funds and other 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.