Frequency Electronics (NASDAQ:FEIM) Stock Rating Upgraded by Wall Street Zen

Frequency Electronics (NASDAQ:FEIM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

FEIM has been the topic of a number of other reports. Craig Hallum initiated coverage on shares of Frequency Electronics in a research report on Thursday, September 18th. They issued a “buy” rating and a $43.00 price target on the stock. UBS Group set a $43.00 price objective on shares of Frequency Electronics in a research note on Thursday, September 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Frequency Electronics in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $43.00.

Frequency Electronics Trading Up 4.7%

Shares of NASDAQ FEIM opened at $31.32 on Friday. The company has a market capitalization of $305.37 million, a price-to-earnings ratio of 13.68 and a beta of 0.46. Frequency Electronics has a twelve month low of $12.70 and a twelve month high of $41.12. The business has a 50 day simple moving average of $33.05 and a 200-day simple moving average of $28.07.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Thursday, September 11th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.29). Frequency Electronics had a return on equity of 44.02% and a net margin of 32.10%.The firm had revenue of $13.81 million for the quarter, compared to the consensus estimate of $16.53 million. During the same quarter last year, the business earned $0.25 earnings per share.

Institutional Investors Weigh In On Frequency Electronics

Hedge funds have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp acquired a new position in shares of Frequency Electronics during the first quarter worth approximately $180,000. Trexquant Investment LP bought a new stake in Frequency Electronics during the 1st quarter valued at $331,000. Apis Capital Advisors LLC acquired a new position in Frequency Electronics during the 1st quarter worth $313,000. Cubist Systematic Strategies LLC bought a new position in shares of Frequency Electronics in the first quarter worth $183,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Frequency Electronics by 67.3% during the first quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider’s stock valued at $853,000 after purchasing an additional 21,934 shares during the period. 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.