Frequency Electronics (NASDAQ:FEIM) Rating Lowered to Hold at ValuEngine

ValuEngine lowered shares of Frequency Electronics (NASDAQ:FEIM) from a buy rating to a hold rating in a report published on Thursday, ValuEngine reports.

NASDAQ FEIM traded down $0.35 on Thursday, reaching $11.85. The company had a trading volume of 1,010 shares, compared to its average volume of 11,772. The stock’s 50 day moving average is $11.77. Frequency Electronics has a 12 month low of $7.80 and a 12 month high of $13.52.

Frequency Electronics (NASDAQ:FEIM) last announced its quarterly earnings results on Thursday, July 18th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $13.16 million during the quarter. Frequency Electronics had a negative net margin of 5.11% and a negative return on equity of 3.95%.

In other Frequency Electronics news, Director Edenbrook Capital, Llc acquired 5,000 shares of the company’s stock in a transaction on Friday, July 19th. The stock was acquired at an average cost of $11.99 per share, with a total value of $59,950.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Long Only Value Fund Edenbrook acquired 2,700 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $11.83 per share, with a total value of $31,941.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,906 shares of company stock worth $154,311. 41.70% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of FEIM. BlackRock Inc. raised its stake in shares of Frequency Electronics by 3.7% during the 4th quarter. BlackRock Inc. now owns 191,798 shares of the communications equipment provider’s stock worth $2,033,000 after acquiring an additional 6,882 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Frequency Electronics by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,241 shares of the communications equipment provider’s stock worth $7,317,000 after acquiring an additional 10,416 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Frequency Electronics by 100.0% during the 1st quarter. Moors & Cabot Inc. now owns 77,634 shares of the communications equipment provider’s stock worth $926,000 after acquiring an additional 38,817 shares in the last quarter. Royce & Associates LP raised its stake in shares of Frequency Electronics by 7.9% during the 1st quarter. Royce & Associates LP now owns 532,912 shares of the communications equipment provider’s stock worth $6,315,000 after acquiring an additional 39,121 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Frequency Electronics by 0.6% during the 1st quarter. Kennedy Capital Management Inc. now owns 844,583 shares of the communications equipment provider’s stock worth $10,008,000 after acquiring an additional 5,410 shares in the last quarter. 44.34% of the stock is owned by institutional investors and hedge funds.

About Frequency Electronics

Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

Featured Article: Treasury Bonds

To view ValuEngine’s full report, visit ValuEngine’s official website.

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