Frequency Electronics, Inc. (NASDAQ:FEIM) Declares Dividend of $1.00

Frequency Electronics, Inc. (NASDAQ:FEIM) declared a dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Thursday, August 8th will be given a dividend of 1.00 per share by the communications equipment provider on Thursday, August 29th. The ex-dividend date is Thursday, August 8th.

Frequency Electronics Trading Down 2.8 %

NASDAQ FEIM traded down $0.39 during trading hours on Thursday, reaching $13.46. The company had a trading volume of 159,165 shares, compared to its average volume of 39,843. The stock has a market capitalization of $127.74 million, a P/E ratio of 39.59 and a beta of 0.46. The stock has a 50-day moving average of $9.42 and a 200 day moving average of $10.00. Frequency Electronics has a 1-year low of $6.35 and a 1-year high of $14.23.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.