Frequency Electronics (NASDAQ:FEIM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.35 and traded as high as $17.52. Frequency Electronics shares last traded at $16.97, with a volume of 25,153 shares changing hands.

Wall Street Analyst Weigh In

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

Frequency Electronics Price Performance

The stock has a market cap of $163.08 million, a PE ratio of 20.70 and a beta of 0.39. The company’s fifty day moving average is $17.10 and its 200-day moving average is $14.35.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in shares of Frequency Electronics during the 4th quarter valued at approximately $27,000. IFP Advisors Inc acquired a new stake in Frequency Electronics during the fourth quarter valued at $85,000. Evernest Financial Advisors LLC purchased a new position in Frequency Electronics in the third quarter valued at $124,000. Barclays PLC acquired a new position in shares of Frequency Electronics in the third quarter worth about $153,000. Finally, XTX Topco Ltd purchased a new stake in shares of Frequency Electronics during the 3rd quarter worth about $189,000. 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.