Frequency Electronics, Inc. (NASDAQ:FEIM – Get Free Report)’s share price passed 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 traded.
Frequency Electronics Trading Down 2.9 %
The firm has a market cap of $90.60 million, a P/E ratio of 28.09 and a beta of 0.46. The business’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $9.65.
Frequency Electronics (NASDAQ:FEIM – Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.71 million for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%.
Insider Transactions at Frequency Electronics
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. First United Bank & Trust purchased a new position in Frequency Electronics during the 4th quarter valued at about $55,000. Villere ST Denis J & Co. LLC purchased a new position in Frequency Electronics during the 3rd quarter valued at about $69,000. Smith Moore & CO. lifted its position in Frequency Electronics by 20.0% during the 1st quarter. Smith Moore & CO. now owns 12,000 shares of the communications equipment provider’s stock valued at $83,000 after acquiring an additional 2,000 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Frequency Electronics during the 4th quarter valued at about $170,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Frequency Electronics during the 4th quarter valued at about $199,000. 58.60% of the stock is owned by hedge funds and other institutional investors.
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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