Frequency Electronics (NASDAQ:FEIM) Trading 7.7% Higher – Should You Buy?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price traded up 7.7% during trading on Monday . The company traded as high as $52.52 and last traded at $53.0350. 67,686 shares traded hands during trading, a decline of 65% from the average session volume of 193,235 shares. The stock had previously closed at $49.24.

Analyst Upgrades and Downgrades

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

Frequency Electronics Stock Performance

The stock’s fifty day moving average price is $49.33 and its 200-day moving average price is $43.53. The company has a market capitalization of $554.10 million, a P/E ratio of 75.07 and a beta of 0.45.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Frequency Electronics in the 4th quarter valued at about $980,000. Invesco Ltd. bought a new position in Frequency Electronics in the 4th quarter valued at about $9,446,000. NewEdge Advisors LLC bought a new position in Frequency Electronics in the 4th quarter valued at about $52,000. XTX Topco Ltd raised its holdings in Frequency Electronics by 200.4% in the 4th quarter. XTX Topco Ltd now owns 18,941 shares of the communications equipment provider’s stock valued at $1,020,000 after acquiring an additional 12,636 shares during the period. Finally, Susquehanna Portfolio Strategies LLC bought a new position in Frequency Electronics in the 4th quarter valued at about $248,000. 58.60% of the stock is 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.