Frequency Electronics (NASDAQ:FEIM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a sell rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also issued research reports about the company. Craig Hallum started coverage on Frequency Electronics in a research report on Thursday, September 18th. They set a “buy” rating and a $43.00 price objective on the stock. UBS Group set a $43.00 price target on Frequency Electronics in a report on Thursday, September 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Frequency Electronics in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $43.00.

Frequency Electronics Price Performance

Shares of NASDAQ:FEIM opened at $32.85 on Friday. Frequency Electronics has a one year low of $12.70 and a one year high of $41.12. The company has a market cap of $320.29 million, a price-to-earnings ratio of 14.35 and a beta of 0.46. The firm has a 50 day simple moving average of $33.07 and a 200 day simple moving average of $28.17.

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

Institutional Trading of Frequency Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Frequency Electronics during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in Frequency Electronics during the third quarter worth $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in Frequency Electronics during the second quarter worth $30,000. Wexford Capital LP acquired a new position in Frequency Electronics in the third quarter valued at $32,000. Finally, BNP Paribas Financial Markets boosted its position in Frequency Electronics by 130.5% during the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 731 shares during the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

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.