Frequency Electronics Inc. (FEIM) Lowered to “Sell” at TheStreet
Shares of Frequency Electronics (NASDAQ:FEIM) traded up 0.39% on Tuesday, reaching $10.40. 771 shares of the company’s stock traded hands. Frequency Electronics has a 12-month low of $8.51 and a 12-month high of $11.99. The stock has a 50-day moving average price of $10.82 and a 200-day moving average price of $10.26. The company’s market cap is $90.78 million.
Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Monday, September 19th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $12.71 million for the quarter. Frequency Electronics had a negative net margin of 1.05% and a negative return on equity of 0.63%. Equities research analysts anticipate that Frequency Electronics will post $0.41 EPS for the current fiscal year.
In related news, insider Fund Lp Privet purchased 19,694 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average cost of $10.94 per share, for a total transaction of $215,452.36. Following the completion of the acquisition, the insider now owns 53,783 shares in the company, valued at approximately $588,386.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.20% of the stock is currently owned by insiders.
Frequency Electronics Company Profile
Frequency Electronics, Inc is a provider of precision time and frequency technology. The Company operates under three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The Company’s FEI-NY segment operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets: communication satellites (both commercial and the United States Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations, and other components and systems for the United States military.
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