Frequency Electronics (NASDAQ:FEIM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.55 and traded as high as $17.17. Frequency Electronics shares last traded at $16.99, with a volume of 31,010 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 20th.

Frequency Electronics Stock Down 0.5 %

The firm has a market capitalization of $163.27 million, a price-to-earnings ratio of 20.72 and a beta of 0.41. The stock has a 50-day moving average price of $15.94 and a 200 day moving average price of $13.58.

Hedge Funds Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in Frequency Electronics in the third quarter valued at approximately $153,000. Geode Capital Management LLC boosted its holdings in Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after purchasing an additional 19,259 shares in the last quarter. XTX Topco Ltd acquired a new position in Frequency Electronics in the third quarter valued at approximately $189,000. Thompson Davis & CO. Inc. boosted its holdings in Frequency Electronics by 43.3% in the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $920,000 after purchasing an additional 23,009 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new stake in Frequency Electronics in the third quarter valued at approximately $124,000. 58.60% of the stock is owned by institutional investors and hedge funds.

About Frequency Electronics

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.