Frequency Electronics (NASDAQ:FEIM) Stock Price Crosses Above 200-Day Moving Average of $6.22

Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.22 and traded as high as $6.89. Frequency Electronics shares last traded at $6.87, with a volume of 6,626 shares changing hands.

Frequency Electronics Price Performance

The stock has a market cap of $61.90 million, a price-to-earnings ratio of -4.90 and a beta of 0.33. The firm’s fifty day moving average price is $6.71 and its two-hundred day moving average price is $6.24.

Frequency Electronics (NASDAQ:FEIM – Get Rating) last posted its earnings results on Thursday, March 9th. The communications equipment provider reported ($0.03) earnings per share for the quarter. Frequency Electronics had a negative return on equity of 30.78% and a negative net margin of 33.20%. The business had revenue of $10.62 million during the quarter.

Institutional Investors Weigh In On Frequency Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Smith Moore & CO. grew its position in shares of Frequency Electronics by 20.0% during the 1st quarter. Smith Moore & CO. now owns 12,000 shares of the communications equipment provider’s stock valued at $83,000 after acquiring an additional 2,000 shares during the period. Moors & Cabot Inc. grew its position in shares of Frequency Electronics by 9.0% during the 1st quarter. Moors & Cabot Inc. now owns 36,324 shares of the communications equipment provider’s stock valued at $250,000 after acquiring an additional 3,000 shares during the period. Finally, Edenbrook Capital LLC grew its position in shares of Frequency Electronics by 0.5% during the 3rd quarter. Edenbrook Capital LLC now owns 1,855,683 shares of the communications equipment provider’s stock valued at $10,670,000 after acquiring an additional 9,310 shares during the period. Institutional investors and hedge funds own 55.93% of the company’s stock.

Frequency Electronics Company Profile

(Get Rating)

Frequency Electronics, Inc engages in the design, development, and manufacture of precision time and frequency generation technology. It operates through the FEI-NY and FEI-Zyfer business segments. The FEI-NY segment provides precision time, frequency generation, and synchronization products and subsystems that are found on-board satellites, in ground-based communication stations, and imbedded in moving platforms.