StockNews.com lowered shares of Frequency Electronics (NASDAQ:FEIM – Free Report) from a strong-buy rating to a buy rating in a report issued on Friday morning.
Frequency Electronics Stock Up 13.8 %
NASDAQ FEIM opened at $16.00 on Friday. The stock’s 50-day simple moving average is $16.53 and its two-hundred day simple moving average is $14.87. Frequency Electronics has a twelve month low of $8.62 and a twelve month high of $20.33. The company has a market capitalization of $153.78 million, a price-to-earnings ratio of 19.51 and a beta of 0.41.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The business had revenue of $18.93 million for the quarter.
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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.
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