Frequency Electronics Inc. (NASDAQ:FEIM) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Shares of Frequency Electronics (NASDAQ:FEIM) traded up 0.39% on Tuesday, hitting $10.40. The company had a trading volume of 771 shares. The company has a 50-day moving average of $10.82 and a 200 day moving average of $10.26. The stock’s market cap is $90.78 million. Frequency Electronics has a 12 month low of $8.51 and a 12 month high of $11.99.

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. Frequency Electronics had a negative net margin of 1.05% and a negative return on equity of 0.63%. The business had revenue of $12.71 million for the quarter. Analysts anticipate that Frequency Electronics will post $0.41 EPS for the current fiscal year.

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In other Frequency Electronics news, insider Fund Lp Privet acquired 18,792 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was acquired at an average price of $10.60 per share, with a total value of $199,195.20. Following the transaction, the insider now directly owns 53,783 shares in the company, valued at $570,099.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 22.20% of the company’s stock.

Frequency Electronics Company Profile

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.

5 Day Chart for NASDAQ:FEIM

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