Frequency Electronics (NASDAQ:FEIM) Upgraded at Wall Street Zen

Frequency Electronics (NASDAQ:FEIM) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on FEIM. Freedom Capital upgraded Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frequency Electronics in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $43.67.

Frequency Electronics Stock Performance

Shares of NASDAQ FEIM opened at $64.59 on Friday. The company has a market cap of $635.57 million, a P/E ratio of 86.12 and a beta of 0.71. Frequency Electronics has a 52-week low of $18.70 and a 52-week high of $80.00. The firm’s fifty day moving average is $64.42 and its two-hundred day moving average is $56.16.

Institutional Investors Weigh In On Frequency Electronics

Several large investors have recently bought and sold shares of FEIM. Dimensional Fund Advisors LP lifted its position in Frequency Electronics by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 257,402 shares of the communications equipment provider’s stock valued at $11,391,000 after purchasing an additional 6,948 shares during the last quarter. Next Century Growth Investors LLC increased its holdings in shares of Frequency Electronics by 200.4% in 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 last quarter. UBS Group AG raised its position in shares of Frequency Electronics by 63.8% during the 3rd quarter. UBS Group AG now owns 208,334 shares of the communications equipment provider’s stock valued at $7,065,000 after buying an additional 81,165 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in shares of Frequency Electronics during the 3rd quarter valued at about $6,912,000. Finally, Invesco Ltd. bought a new position in shares of Frequency Electronics in the 4th quarter valued at about $9,446,000. Institutional investors own 58.60% of the company’s stock.

About Frequency Electronics

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.