Frequency Electronics, Inc. (NASDAQ:FEIM) Short Interest Update

by · The Markets Daily

Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 556,913 shares, a decrease of 17.8% from the January 29th total of 677,448 shares. Currently, 7.9% of the shares of the company are sold short. Based on an average daily trading volume, of 162,195 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily trading volume, of 162,195 shares, the days-to-cover ratio is currently 3.4 days. Currently, 7.9% of the shares of the company are sold short.

Frequency Electronics Price Performance

Shares of FEIM traded down $0.22 during midday trading on Tuesday, reaching $54.24. The stock had a trading volume of 40,914 shares, compared to its average volume of 182,652. The company has a market capitalization of $530.47 million, a P/E ratio of 24.77 and a beta of 0.35. The firm’s 50 day moving average price is $53.24 and its 200-day moving average price is $40.31. Frequency Electronics has a 52 week low of $13.69 and a 52 week high of $61.47.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Weiss Ratings restated a “buy (b+)” rating on shares of Frequency Electronics in a research note on Monday, December 29th. Craig Hallum restated a “buy” rating and issued a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. Finally, Loop Capital set a $42.00 price target on Frequency Electronics in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $43.67.

Read Our Latest Research Report on FEIM

Institutional Trading of Frequency Electronics

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Frequency Electronics in the third quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Frequency Electronics in the 4th quarter worth $26,000. Kestra Advisory Services LLC acquired a new stake in shares of Frequency Electronics during the fourth quarter worth $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Frequency Electronics during the second quarter valued at $30,000. Finally, Wexford Capital LP purchased a new stake in shares of Frequency Electronics during the third quarter valued at $32,000. 58.60% of the stock is currently owned by institutional investors.

Frequency Electronics Company Profile

(Get Free Report)

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.

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