Frequency Electronics (NASDAQ:FEIM) Announces Quarterly Earnings Results

Frequency Electronics (NASDAQ:FEIM) released its quarterly earnings data on Thursday. The communications equipment provider reported $1.60 earnings per share (EPS) for the quarter, Zacks reports. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The firm had revenue of $18.93 million during the quarter.

Frequency Electronics Stock Performance

Shares of NASDAQ:FEIM opened at $16.00 on Friday. Frequency Electronics has a twelve month low of $8.62 and a twelve month high of $20.33. The firm has a market cap of $153.78 million, a PE ratio of 19.51 and a beta of 0.41. The business has a fifty day moving average of $16.53 and a 200-day moving average of $14.86.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.