Frequency Electronics (NASDAQ:FEIM) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.09 and traded as high as $15.13. Frequency Electronics shares last traded at $15.06, with a volume of 67,110 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 25th.

Frequency Electronics Price Performance

The stock’s fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $15.11. The company has a market capitalization of $145.74 million, a price-to-earnings ratio of 18.37 and a beta of 0.41.

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

Insider Buying and Selling

In other news, Director Russell M. Sarachek acquired 2,161 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the transaction, the director now directly owns 464,080 shares in the company, valued at $7,318,541.60. This trade represents a 0.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Frequency Electronics

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in 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 worth $1,117,000 after buying an additional 19,259 shares in the last quarter. Barclays PLC acquired a new position in Frequency Electronics during the 3rd quarter worth $153,000. IFP Advisors Inc bought a new position in shares of Frequency Electronics in the fourth quarter worth $85,000. Global Retirement Partners LLC bought a new position in shares of Frequency Electronics in the fourth quarter worth $27,000. Finally, XTX Topco Ltd acquired a new position in shares of Frequency Electronics during the third quarter valued at $189,000. Institutional investors and hedge funds 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.