Frequency Electronics (NASDAQ:FEIM) Shares Up 10.5% – What’s Next?

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) shot up 10.5% during mid-day trading on Thursday . The stock traded as high as $72.00 and last traded at $73.6010. 25,237 shares changed hands during trading, a decline of 86% from the average session volume of 183,868 shares. The stock had previously closed at $66.63.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FEIM. Wall Street Zen upgraded shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Freedom Capital upgraded shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $43.67.

Frequency Electronics Price Performance

The business’s 50-day moving average price is $59.36 and its two-hundred day moving average price is $51.85. The company has a market capitalization of $731.98 million, a price-to-earnings ratio of 100.27 and a beta of 0.67.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Frequency Electronics during the fourth quarter valued at approximately $26,000. Kestra Advisory Services LLC acquired a new position in Frequency Electronics during the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Frequency Electronics during the third quarter valued at approximately $25,000. State of Wyoming acquired a new position in Frequency Electronics during the fourth quarter valued at approximately $49,000. Finally, Wexford Capital LP acquired a new position in Frequency Electronics during the third quarter valued at approximately $32,000. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.