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

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.20 and traded as high as $19.47. Frequency Electronics shares last traded at $18.41, with a volume of 187,351 shares traded.

Analyst Upgrades and Downgrades

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

Frequency Electronics Price Performance

The firm has a market cap of $182.80 million, a PE ratio of 23.20 and a beta of 0.48. The business’s fifty day moving average is $13.77 and its 200-day moving average is $12.31.

Institutional Trading of Frequency Electronics

A number of large investors have recently bought and sold shares of FEIM. Dimensional Fund Advisors LP increased its stake in shares of Frequency Electronics by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after purchasing an additional 1,847 shares in the last quarter. Geode Capital Management LLC grew its stake in Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after buying an additional 19,259 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in Frequency Electronics by 43.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $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 $189,000. Finally, Barclays PLC bought a new position in shares of Frequency Electronics in the third quarter worth $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.