Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.65 and traded as high as $9.85. Frequency Electronics shares last traded at $9.73, with a volume of 7,009 shares changing hands.
Frequency Electronics Price Performance
The stock has a market cap of $92.34 million, a PE ratio of 28.62 and a beta of 0.46. The stock has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $9.65.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share for the quarter. The firm had revenue of $13.71 million during the quarter. Frequency Electronics had a return on equity of 9.12% and a net margin of 6.10%.
Insider Activity
Institutional Trading of Frequency Electronics
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Frequency Electronics by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 332,552 shares of the communications equipment provider’s stock worth $3,641,000 after purchasing an additional 2,186 shares during the last quarter. Northern Trust Corp lifted its stake in Frequency Electronics by 13.1% in the fourth quarter. Northern Trust Corp now owns 30,471 shares of the communications equipment provider’s stock worth $334,000 after purchasing an additional 3,521 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Frequency Electronics in the fourth quarter worth about $170,000. First United Bank & Trust bought a new stake in Frequency Electronics in the fourth quarter worth about $55,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Frequency Electronics in the fourth quarter worth about $199,000. Institutional investors own 58.60% of the company’s stock.
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.
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