Frequency Electronics (NASDAQ:FEIM) Shares Cross Above Two Hundred Day Moving Average of $9.65

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 $9.65 and traded as high as $9.85. Frequency Electronics shares last traded at $9.73, with a volume of 7,009 shares changing hands.

Frequency Electronics Stock Up 0.3 %

The stock has a market capitalization of $92.34 million, a price-to-earnings ratio of 28.62 and a beta of 0.46. The company’s 50-day moving average is $10.50 and its 200-day moving average is $9.65.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Thursday, March 14th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. Frequency Electronics had a net margin of 6.10% and a return on equity of 9.12%. The firm had revenue of $13.71 million during the quarter.

Insider Buying and Selling

In related news, Director Edenbrook Capital, Llc purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $9.94 per share, for a total transaction of $99,400.00. Following the completion of the transaction, the director now directly owns 1,602,306 shares in the company, valued at $15,926,921.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 26.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thompson Siegel & Walmsley LLC purchased a new position in Frequency Electronics in the fourth quarter worth approximately $199,000. Hillsdale Investment Management Inc. purchased a new position in Frequency Electronics in the fourth quarter worth approximately $170,000. Janney Montgomery Scott LLC lifted its position in shares of Frequency Electronics by 51.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 40,150 shares of the communications equipment provider’s stock worth $279,000 after buying an additional 13,700 shares during the last quarter. Villere ST Denis J & Co. LLC purchased a new stake in shares of Frequency Electronics during the 3rd quarter worth approximately $69,000. Finally, BlackRock Inc. lifted its position in shares of Frequency Electronics by 5.3% during the 2nd quarter. BlackRock Inc. now owns 157,058 shares of the communications equipment provider’s stock worth $1,040,000 after buying an additional 7,893 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company’s stock.

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.