Frequency Electronics (NASDAQ:FEIM) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.37 and traded as high as $12.89. Frequency Electronics shares last traded at $12.86, with a volume of 15,985 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Frequency Electronics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Frequency Electronics Trading Down 0.2 %

The business has a fifty day moving average of $12.53 and a 200 day moving average of $11.40. The company has a market capitalization of $123.07 million, a PE ratio of 20.74 and a beta of 0.43.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 EPS for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%. The company had revenue of $15.08 million during the quarter.

Hedge Funds Weigh In On Frequency Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Frequency Electronics by 26.3% during 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 acquiring an additional 19,259 shares during the period. Barclays PLC purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at about $153,000. XTX Topco Ltd purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at about $189,000. Thompson Davis & CO. Inc. boosted its stake in shares of Frequency Electronics by 43.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock valued at $920,000 after buying an additional 23,009 shares during the period. Finally, Evernest Financial Advisors LLC purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at about $124,000. 58.60% of the stock is currently 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.