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

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.06 and traded as high as $17.36. Frequency Electronics shares last traded at $16.88, with a volume of 18,812 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 20th.

Frequency Electronics Price Performance

The company has a 50-day moving average of $16.68 and a two-hundred day moving average of $14.06. The company has a market capitalization of $162.22 million, a PE ratio of 20.59 and a beta of 0.41.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Tuesday, December 10th. The communications equipment provider reported $0.28 earnings per share for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Institutional Trading of Frequency Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Frequency Electronics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock valued at $6,237,000 after buying an additional 1,847 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after acquiring an additional 19,259 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of Frequency Electronics by 43.3% in the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after acquiring an additional 23,009 shares during the period. XTX Topco Ltd purchased a new stake in shares of Frequency Electronics during the third quarter worth about $189,000. Finally, Barclays PLC bought a new stake in Frequency Electronics during the 3rd quarter valued at approximately $153,000. 58.60% of the stock is owned by hedge funds and other institutional investors.

Frequency Electronics Company Profile

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.