Frequency Electronics (NASDAQ:FEIM) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Frequency Electronics (NASDAQ:FEIM – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Frequency Electronics from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.50.

View Our Latest Analysis on Frequency Electronics

Frequency Electronics Trading Down 3.3%

NASDAQ FEIM opened at $85.50 on Friday. Frequency Electronics has a 1-year low of $26.05 and a 1-year high of $89.76. The firm’s fifty day simple moving average is $66.43 and its 200-day simple moving average is $61.16. The company has a market capitalization of $955.89 million, a PE ratio of 342.00 and a beta of 0.72.

Frequency Electronics (NASDAQ:FEIM – Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The communications equipment provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. The firm had revenue of $23.45 million during the quarter, compared to analysts’ expectations of $17.85 million. Frequency Electronics had a return on equity of 4.59% and a net margin of 3.68%.

Hedge Funds Weigh In On Frequency Electronics

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Frequency Electronics in the 2nd quarter valued at approximately $34,273,000. Next Century Growth Investors LLC boosted its position in Frequency Electronics by 200.4% during the fourth 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 during the period. Apis Capital Advisors LLC grew its holdings in Frequency Electronics by 231.3% during the fourth quarter. Apis Capital Advisors LLC now owns 99,400 shares of the communications equipment provider’s stock valued at $5,352,000 after purchasing an additional 69,400 shares during the last quarter. Sei Investments Co. grew its holdings in Frequency Electronics by 93.1% during the first quarter. Sei Investments Co. now owns 91,706 shares of the communications equipment provider’s stock valued at $4,059,000 after purchasing an additional 44,218 shares during the last quarter. Finally, Raiffeisen Bank International AG raised its position in shares of Frequency Electronics by 350.0% in the second quarter. Raiffeisen Bank International AG now owns 54,000 shares of the communications equipment provider’s stock valued at $3,336,000 after purchasing an additional 42,000 shares during the period. 58.60% of the stock is currently owned by institutional investors.

Frequency Electronics Company Profile

(Get Free Report)

Frequency Electronics, Inc (NASDAQ: FEIM) designs and manufactures precision time and frequency control systems. Its products include crystal oscillators, atomic frequency references, frequency synthesizers, timing systems and related radio-frequency and microwave technologies used where accurate and stable timing is essential.

The company serves aerospace and defense, satellite communications, telecommunications, navigation and other government and commercial markets. Its equipment is used in applications such as satellite payloads, secure communications, avionics, radar, electronic warfare and global positioning and navigation systems.

Founded in 1961, Frequency Electronics is based in New York and has developed specialized timing and synchronization technologies for customers in the United States and international markets.

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