Frequency Electronics (NASDAQ:FEIM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $42.31 and traded as high as $43.68. Frequency Electronics shares last traded at $42.09, with a volume of 142,222 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Craig Hallum restated a “buy” rating and set a $46.00 price objective on shares of Frequency Electronics in a report on Friday, December 12th. Wall Street Zen cut Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Loop Capital set a $42.00 price target on Frequency Electronics in a research note on Tuesday, December 16th. Finally, Weiss Ratings downgraded Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.67.

Frequency Electronics Price Performance

The company has a market cap of $414.17 million, a PE ratio of 56.12 and a beta of 0.35. The company has a 50-day moving average price of $50.92 and a two-hundred day moving average price of $42.31.

Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). The company had revenue of $16.89 million for the quarter, compared to analysts’ expectations of $19.06 million. Frequency Electronics had a net margin of 10.78% and a return on equity of 12.69%.

Institutional Trading of Frequency Electronics

A number of hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in shares of Frequency Electronics during the third quarter worth $10,425,000. Portolan Capital Management LLC acquired a new stake in Frequency Electronics during the 3rd quarter valued at $6,912,000. Invesco Ltd. purchased a new stake in Frequency Electronics during the 4th quarter worth $9,446,000. Next Century Growth Investors LLC increased its stake in Frequency Electronics by 200.4% during the 4th quarter. Next Century Growth Investors LLC now owns 219,463 shares of the communications equipment provider’s stock worth $11,816,000 after buying an additional 146,397 shares during the period. Finally, Millennium Management LLC boosted its position in Frequency Electronics by 403.6% in the 3rd quarter. Millennium Management LLC now owns 136,976 shares of the communications equipment provider’s stock valued at $4,645,000 after buying an additional 109,776 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 (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.