Frequency Electronics (NASDAQ:FEIM) Stock Price Up 10.8% – Time to Buy?

Frequency Electronics, Inc. (NASDAQ:FEIM) traded up 10.8% during trading on Monday . The stock traded as high as $53.59 and last traded at $55.6380. 25,250 shares were traded during trading, a decline of 86% from the average session volume of 182,204 shares. The stock had previously closed at $50.21.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FEIM. Loop Capital set a $42.00 target price on shares of Frequency Electronics in a research report on Tuesday, December 16th. Wall Street Zen downgraded shares of Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Craig Hallum reissued a “buy” rating and issued a $46.00 target price on shares of Frequency Electronics in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Frequency Electronics in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Trading Up 10.4%

The firm has a market cap of $541.95 million, a P/E ratio of 25.32 and a beta of 0.35. The business’s fifty day simple moving average is $53.21 and its 200-day simple moving average is $40.14.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings results on Thursday, December 11th. The communications equipment provider reported $0.18 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 38.07%. The business had revenue of $17.13 million for the quarter, compared to the consensus estimate of $16.87 million.

Institutional Investors Weigh In On Frequency Electronics

A number of large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Frequency Electronics during the first quarter valued at approximately $183,000. Goldman Sachs Group Inc. increased its holdings in Frequency Electronics by 67.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,528 shares of the communications equipment provider’s stock worth $853,000 after buying an additional 21,934 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Frequency Electronics by 27.2% in the first quarter. Jane Street Group LLC now owns 27,610 shares of the communications equipment provider’s stock worth $432,000 after acquiring an additional 5,909 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in Frequency Electronics during the 2nd quarter valued at $578,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Frequency Electronics by 82.3% during the 2nd quarter. Geode Capital Management LLC now owns 175,381 shares of the communications equipment provider’s stock valued at $3,984,000 after buying an additional 79,181 shares during the period. Institutional investors own 58.60% of the company’s stock.

Frequency Electronics Company Profile

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.