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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/frequency-electronics-inc-feim-stock-rating-lowered-by-thestreet.html

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

Receive News & Ratings for Frequency Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.