Frequency Electronics (NASDAQ:FEIM) Stock Passes Above 200 Day Moving Average – What’s Next?

Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.78 and traded as high as $47.96. Frequency Electronics shares last traded at $46.72, with a volume of 129,878 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FEIM shares. Loop Capital set a $42.00 price target on shares of Frequency Electronics in a research report on Tuesday, December 16th. Weiss Ratings cut shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research note on Wednesday, March 18th. Wall Street Zen lowered shares of Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Finally, Craig Hallum reiterated a “buy” rating and set a $46.00 target price on shares of Frequency Electronics in a research report on Friday, December 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.

Frequency Electronics Stock Performance

The company has a market capitalization of $459.72 million, a price-to-earnings ratio of 62.29 and a beta of 0.45. The company has a 50-day moving average price of $49.45 and a 200-day moving average price of $42.78.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Wednesday, March 11th. The communications equipment provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a return on equity of 12.69% and a net margin of 10.78%.The firm had revenue of $16.89 million for the quarter, compared to the consensus estimate of $19.06 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEIM. Caitong International Asset Management Co. Ltd bought a new stake in shares of Frequency Electronics in the third quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Frequency Electronics in the 4th quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new stake in Frequency Electronics during the 4th quarter worth approximately $27,000. Wexford Capital LP bought a new stake in Frequency Electronics during the 3rd quarter worth approximately $32,000. Finally, BNP Paribas Financial Markets raised its holdings in Frequency Electronics by 130.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 731 shares during the period. 58.60% of the stock is currently owned by institutional investors.

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.