Frequency Electronics Inc. (FEIM) Downgraded by TheStreet to Sell
Frequency Electronics (NASDAQ:FEIM) traded up 0.39% during mid-day trading on Tuesday, reaching $10.40. 771 shares of the company were exchanged. Frequency Electronics has a 1-year low of $8.51 and a 1-year high of $11.99. The stock’s market capitalization is $90.78 million. The stock’s 50-day moving average price is $10.82 and its 200-day moving average price is $10.26.
Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings data on Monday, September 19th. The company reported ($0.08) earnings per share for the quarter. The firm earned $12.71 million during the quarter. Frequency Electronics had a negative net margin of 1.05% and a negative return on equity of 0.63%. On average, equities research analysts anticipate that Frequency Electronics will post $0.41 EPS for the current fiscal year.
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In other news, insider Fund Lp Privet acquired 18,792 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were bought at an average price of $10.60 per share, for a total transaction of $199,195.20. Following the acquisition, the insider now owns 53,783 shares of the company’s stock, valued at approximately $570,099.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.20% of the stock is owned by company insiders.
About Frequency Electronics
Frequency Electronics, Inc is a provider of precision time and frequency technology. The Company operates under three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The Company’s FEI-NY segment operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets: communication satellites (both commercial and the United States Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations, and other components and systems for the United States military.
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