Frequency Electronics (NASDAQ:FEIM) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.37 and traded as high as $12.89. Frequency Electronics shares last traded at $12.86, with a volume of 15,985 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Frequency Electronics Stock Down 0.2 %

The company has a market cap of $123.07 million, a price-to-earnings ratio of 20.74 and a beta of 0.43. The firm has a 50-day simple moving average of $12.53 and a 200 day simple moving average of $11.40.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings results on Tuesday, September 10th. The communications equipment provider reported $0.25 EPS for the quarter. The company had revenue of $15.08 million for the quarter. Frequency Electronics had a return on equity of 16.40% and a net margin of 10.32%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FEIM. Thompson Davis & CO. Inc. increased its position in Frequency Electronics by 43.3% during the third quarter. Thompson Davis & CO. Inc. now owns 76,134 shares of the communications equipment provider’s stock worth $920,000 after buying an additional 23,009 shares during the period. Geode Capital Management LLC grew its stake in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock valued at $1,117,000 after purchasing an additional 19,259 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at approximately $189,000. Barclays PLC purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at approximately $153,000. Finally, Evernest Financial Advisors LLC purchased a new position in shares of Frequency Electronics in the 3rd quarter valued at approximately $124,000. Institutional investors and hedge funds 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.