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

Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.41 and traded as high as $57.09. Frequency Electronics shares last traded at $55.67, with a volume of 264,660 shares.

Analysts Set New Price Targets

FEIM has been the topic of several research reports. Craig Hallum reissued a “buy” rating and issued a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. Loop Capital set a $42.00 price target on Frequency Electronics in a research note on Tuesday, December 16th. Wall Street Zen cut Frequency Electronics from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Frequency Electronics in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $43.67.

Frequency Electronics Price Performance

The firm has a fifty day moving average of $48.36 and a 200 day moving average of $37.41. The stock has a market capitalization of $544.45 million, a price-to-earnings ratio of 25.42 and a beta of 0.35.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The firm had revenue of $17.13 million during the quarter, compared to analysts’ expectations of $16.87 million. Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dudley Capital Management LLC acquired a new position in Frequency Electronics in the fourth quarter valued at approximately $237,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Frequency Electronics during the 4th quarter worth about $1,081,000. Huntleigh Advisors Inc. increased its position in shares of Frequency Electronics by 6.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 35,089 shares of the communications equipment provider’s stock worth $1,889,000 after purchasing an additional 1,980 shares during the last quarter. Calamos Advisors LLC purchased a new stake in Frequency Electronics in the 4th quarter valued at about $251,000. Finally, Villere ST Denis J & Co. LLC lifted its position in Frequency Electronics by 67.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 24,896 shares of the communications equipment provider’s stock valued at $1,340,000 after buying an additional 10,000 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.