Frequency Electronics (NASDAQ:FEIM) Sets New 52-Week High – Time to Buy?

by · The Cerbat Gem

Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $62.44 and last traded at $61.1150, with a volume of 101856 shares trading hands. The stock had previously closed at $54.81.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FEIM shares. Weiss Ratings downgraded Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Wednesday, March 18th. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded Frequency Electronics from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $43.67.

Get Our Latest Report on FEIM

Frequency Electronics Stock Performance

The company has a market cap of $613.82 million, a P/E ratio of 83.17 and a beta of 0.53. The firm has a 50 day moving average price of $50.92 and a two-hundred day moving average price of $46.29.

Frequency Electronics (NASDAQ:FEIM – Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.14). The firm had revenue of $16.89 million for the quarter, compared to the consensus estimate of $19.06 million. Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.

Institutional Trading of Frequency Electronics

A number of institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC purchased a new stake in Frequency Electronics during the 3rd quarter worth about $10,425,000. Dimensional Fund Advisors LP lifted its holdings in Frequency Electronics by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock worth $11,391,000 after purchasing an additional 6,948 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in Frequency Electronics by 200.4% during the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock worth $11,816,000 after purchasing an additional 146,397 shares in the last quarter. UBS Group AG lifted its holdings in Frequency Electronics by 63.8% during the 3rd quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock worth $7,065,000 after purchasing an additional 81,165 shares in the last quarter. Finally, Portolan Capital Management LLC purchased a new stake in Frequency Electronics during the 3rd quarter worth about $6,912,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.

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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