Frequency Electronics (NASDAQ:FEIM) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media headlines about Frequency Electronics (NASDAQ:FEIM) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Frequency Electronics earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.2317492495819 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Frequency Electronics (NASDAQ:FEIM) traded down 1.39% on Tuesday, hitting $8.52. 215 shares of the company traded hands. The stock’s market capitalization is $74.37 million. The firm’s 50 day moving average price is $8.96 and its 200-day moving average price is $10.20. Frequency Electronics has a 1-year low of $7.91 and a 1-year high of $11.99.
Separately, TheStreet lowered shares of Frequency Electronics from a “c-” rating to a “d” rating in a report on Friday, July 28th.
In related news, major shareholder Edenbrook Capital, Llc purchased 77,296 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was bought at an average cost of $8.50 per share, for a total transaction of $657,016.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.90% of the stock is owned by company insiders.
Frequency Electronics Company Profile
Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).
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