Frequency Electronics (NASDAQ:FEIM) Shares Pass Below 200 Day Moving Average of $8.60

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.60 and traded as low as $7.00. Frequency Electronics shares last traded at $7.17, with a volume of 3 shares traded.

Separately, TheStreet downgraded shares of Frequency Electronics from a “c” rating to a “d+” rating in a research report on Thursday, March 10th.

The company has a market capitalization of $66.57 million, a PE ratio of -143.40 and a beta of 0.48. The stock’s 50 day moving average is $7.69 and its 200 day moving average is $8.60.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Frequency Electronics by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 33,303 shares of the communications equipment provider’s stock worth $346,000 after acquiring an additional 3,810 shares during the last quarter. Shufro Rose & Co. LLC boosted its stake in shares of Frequency Electronics by 130.2% during the 1st quarter. Shufro Rose & Co. LLC now owns 94,742 shares of the communications equipment provider’s stock valued at $824,000 after purchasing an additional 53,581 shares in the last quarter. BlackRock Inc. lifted its position in Frequency Electronics by 20.5% during the 3rd quarter. BlackRock Inc. now owns 194,366 shares of the communications equipment provider’s stock valued at $2,007,000 after acquiring an additional 33,059 shares during the period. Finally, Needham Investment Management LLC lifted its position in Frequency Electronics by 4.5% during the 4th quarter. Needham Investment Management LLC now owns 646,350 shares of the communications equipment provider’s stock valued at $6,450,000 after acquiring an additional 28,008 shares during the period. Hedge funds and other institutional investors own 57.45% of the company’s stock.

About Frequency Electronics (NASDAQ:FEIM)

Frequency Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

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