Frequency Electronics (NASDAQ:FEIM) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Frequency Electronics (NASDAQ:FEIM) from a hold rating to a sell rating in a report published on Sunday morning.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Frequency Electronics in a research report on Wednesday, October 8th. Craig Hallum restated a “buy” rating and set a $46.00 price objective on shares of Frequency Electronics in a research note on Friday. Finally, UBS Group set a $43.00 price objective on Frequency Electronics in a report on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $43.67.

Frequency Electronics Price Performance

Shares of FEIM opened at $45.06 on Friday. The firm has a 50-day moving average of $33.66 and a 200-day moving average of $29.05. Frequency Electronics has a one year low of $13.69 and a one year high of $48.35. The company has a market cap of $439.34 million, a PE ratio of 20.58 and a beta of 0.46.

Frequency Electronics (NASDAQ:FEIM) last issued its earnings results on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). Frequency Electronics had a net margin of 30.28% and a return on equity of 38.75%. The firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $16.87 million.

Institutional Trading of Frequency Electronics

Several large investors have recently bought and sold shares of FEIM. Segall Bryant & Hamill LLC acquired a new position in Frequency Electronics during the third quarter worth about $10,425,000. Portolan Capital Management LLC bought a new stake in shares of Frequency Electronics during the 3rd quarter valued at approximately $6,912,000. Invesco Ltd. acquired a new position in Frequency Electronics during the 2nd quarter worth approximately $2,803,000. Millennium Management LLC increased its position in Frequency Electronics by 403.6% during the 3rd quarter. Millennium Management LLC now owns 136,976 shares of the communications equipment provider’s stock worth $4,645,000 after purchasing an additional 109,776 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in Frequency Electronics by 179.4% in the 3rd quarter. Two Sigma Investments LP now owns 139,687 shares of the communications equipment provider’s stock valued at $4,737,000 after purchasing an additional 89,698 shares during the last quarter. 58.60% of the stock is owned by institutional investors and hedge funds.

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.