Frequency Electronics (NASDAQ:FEIM) Upgraded at StockNews.com

Frequency Electronics (NASDAQ:FEIM) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Frequency Electronics Price Performance

FEIM opened at $19.02 on Friday. Frequency Electronics has a fifty-two week low of $8.62 and a fifty-two week high of $19.47. The firm has a market capitalization of $182.80 million, a P/E ratio of 23.20 and a beta of 0.48. The company’s 50-day moving average is $13.77 and its 200 day moving average is $12.33.

Institutional Trading of Frequency Electronics

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after purchasing an additional 1,847 shares during the last quarter. Evernest Financial Advisors LLC purchased a new position in shares of Frequency Electronics in the 3rd quarter worth about $124,000. XTX Topco Ltd bought a new position in Frequency Electronics during the third quarter valued at about $189,000. Thompson Davis & CO. Inc. increased its holdings in Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares during the last quarter. Finally, Barclays PLC bought a new stake in Frequency Electronics in the third quarter worth about $153,000. 58.60% of the stock is 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.