Frequency Electronics (NASDAQ:FEIM) Shares Cross Above 200 Day Moving Average of $5.83

Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.83 and traded as high as $6.98. Frequency Electronics shares last traded at $6.77, with a volume of 5,879 shares changing hands.

Frequency Electronics Stock Performance

The company has a market cap of $63.23 million, a P/E ratio of -5.01 and a beta of 0.33. The business’s 50-day moving average price is $6.17 and its 200 day moving average price is $5.83.

Frequency Electronics (NASDAQ:FEIM – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The communications equipment provider reported ($0.25) earnings per share (EPS) for the quarter. Frequency Electronics had a negative return on equity of 28.78% and a negative net margin of 33.20%. The company had revenue of $8.95 million for the quarter.

Frequency Electronics Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 27th. Stockholders of record on Friday, January 6th were given a $1.00 dividend. This represents a dividend yield of 14.39%. The ex-dividend date of this dividend was Thursday, January 5th.

Institutional Trading of Frequency Electronics

A hedge fund recently raised its stake in Frequency Electronics stock. Edenbrook Capital LLC boosted its stake in Frequency Electronics, Inc. (NASDAQ:FEIM – Get Rating) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,855,683 shares of the communications equipment provider’s stock after purchasing an additional 9,310 shares during the period. Frequency Electronics comprises about 2.8% of Edenbrook Capital LLC’s holdings, making the stock its 8th largest holding. Edenbrook Capital LLC owned about 19.92% of Frequency Electronics worth $10,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 55.93% of the company’s stock.

Frequency Electronics Company Profile

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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.