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

StockNews.com lowered shares of Frequency Electronics (NASDAQ:FEIM) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

Frequency Electronics Trading Down 2.6 %

NASDAQ FEIM opened at $16.25 on Tuesday. The stock has a market cap of $157.25 million, a PE ratio of 19.82 and a beta of 0.41. Frequency Electronics has a twelve month low of $8.62 and a twelve month high of $20.33. The stock has a fifty day simple moving average of $16.38 and a 200-day simple moving average of $14.98.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after buying an additional 19,259 shares during the period. Barclays PLC purchased a new stake in Frequency Electronics during the third quarter worth about $153,000. IFP Advisors Inc acquired a new stake in shares of Frequency Electronics during the fourth quarter worth about $85,000. Global Retirement Partners LLC purchased a new position in shares of Frequency Electronics in the fourth quarter valued at approximately $27,000. Finally, XTX Topco Ltd acquired a new position in shares of Frequency Electronics in the third quarter valued at approximately $189,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.