Frequency Electronics (NASDAQ:FEIM) Stock Price Up 8.2% – Should You Buy?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price traded up 8.2% on Wednesday . The stock traded as high as $57.54 and last traded at $57.8340. 74,153 shares were traded during mid-day trading, a decline of 66% from the average session volume of 216,109 shares. The stock had previously closed at $53.47.

Analyst Ratings Changes

A number of research firms have recently weighed in on FEIM. UBS Group set a $43.00 price target on Frequency Electronics in a research note on Thursday, September 18th. Craig Hallum reiterated a “buy” rating and issued a $46.00 price objective on shares of Frequency Electronics in a report on Friday, December 12th. Loop Capital set a $42.00 target price on shares of Frequency Electronics in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Frequency Electronics in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Frequency Electronics from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Frequency Electronics has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Trading Up 10.1%

The firm’s fifty day moving average price is $34.73 and its 200-day moving average price is $30.10. The company has a market cap of $575.70 million, a P/E ratio of 26.89 and a beta of 0.46.

Frequency Electronics (NASDAQ:FEIM) last posted its earnings results on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%. The business had revenue of $17.13 million during the quarter, compared to the consensus estimate of $16.87 million.

Institutional Investors Weigh In On Frequency Electronics

Several large investors have recently made changes to their positions in FEIM. Segall Bryant & Hamill LLC bought a new stake in Frequency Electronics during the third quarter worth about $10,425,000. UBS Group AG boosted its holdings in shares of Frequency Electronics by 63.8% in the 3rd quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock worth $7,065,000 after acquiring an additional 81,165 shares in the last quarter. Portolan Capital Management LLC bought a new stake in Frequency Electronics during the 3rd quarter worth approximately $6,912,000. Geode Capital Management LLC increased its holdings in Frequency Electronics by 82.3% during the 2nd quarter. Geode Capital Management LLC now owns 175,381 shares of the communications equipment provider’s stock valued at $3,984,000 after purchasing an additional 79,181 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Frequency Electronics by 179.4% in the 3rd quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock valued at $4,737,000 after purchasing an additional 89,698 shares during the last quarter. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.