Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.12 and traded as high as $12.80. Frequency Electronics shares last traded at $12.68, with a volume of 8,641 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Frequency Electronics Stock Up 0.4 %

The business has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $11.15. The company has a market cap of $121.25 million, a PE ratio of 20.32 and a beta of 0.44.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $15.08 million for the quarter. Frequency Electronics had a net margin of 10.32% and a return on equity of 16.40%.

Frequency Electronics Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 8th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, August 8th.

Institutional Investors Weigh In On Frequency Electronics

A number of large investors have recently made changes to their positions in FEIM. Dimensional Fund Advisors LP boosted its stake in Frequency Electronics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after buying an additional 1,847 shares during the last quarter. Evernest Financial Advisors LLC purchased a new position in shares of Frequency Electronics during the 3rd quarter worth $124,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of Frequency Electronics during the 1st quarter valued at about $1,511,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.