Frequency Electronics (NASDAQ:FEIM) Trading 10.5% Higher – What’s Next?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s stock price traded up 10.5% during mid-day trading on Thursday . The company traded as high as $72.00 and last traded at $73.6010. 25,237 shares were traded during mid-day trading, a decline of 86% from the average session volume of 183,868 shares. The stock had previously closed at $66.63.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Frequency Electronics has an average rating of “Buy” and a consensus target price of $43.67.

Frequency Electronics Stock Performance

The business has a fifty day moving average price of $60.59 and a 200 day moving average price of $52.36. The company has a market capitalization of $740.76 million, a PE ratio of 100.37 and a beta of 0.67.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.14). The firm had revenue of $16.89 million during the quarter, compared to analysts’ expectations of $19.06 million. Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.

Institutional Investors Weigh In On Frequency Electronics

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Frequency Electronics during the 3rd quarter valued at about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Frequency Electronics during the 4th quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Frequency Electronics during the 4th quarter valued at about $27,000. Wexford Capital LP purchased a new stake in shares of Frequency Electronics during the 3rd quarter valued at about $32,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Frequency Electronics by 130.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 731 shares during the period. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.