Frequency Electronics (NASDAQ:FEIM) Reaches New 12-Month High – Should You Buy?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $80.60 and last traded at $80.3150, with a volume of 30706 shares. The stock had previously closed at $78.31.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FEIM shares. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings lowered Frequency Electronics from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $43.67.

Frequency Electronics Trading Up 0.8%

The firm’s fifty day moving average price is $67.62 and its 200-day moving average price is $58.89. The company has a market cap of $777.07 million, a price-to-earnings ratio of -874.78 and a beta of 0.73.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings data on Wednesday, July 15th. The communications equipment provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.76). The business had revenue of $15.40 million for the quarter, compared to analyst estimates of $18.57 million. Frequency Electronics had a negative return on equity of 1.56% and a negative net margin of 1.43%.

Institutional Investors Weigh In On Frequency Electronics

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its holdings in shares of Frequency Electronics by 0.9% during the 1st quarter. First Trust Advisors LP now owns 21,818 shares of the communications equipment provider’s stock valued at $966,000 after purchasing an additional 190 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Frequency Electronics during the 4th quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in Frequency Electronics by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 57,350 shares of the communications equipment provider’s stock worth $2,538,000 after purchasing an additional 541 shares in the last quarter. Informed Momentum Co LLC increased its stake in Frequency Electronics by 1.2% during the 4th quarter. Informed Momentum Co LLC now owns 47,007 shares of the communications equipment provider’s stock worth $2,531,000 after purchasing an additional 541 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in Frequency Electronics by 52.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,010 shares of the communications equipment provider’s stock worth $108,000 after buying an additional 689 shares during the period. Institutional investors and hedge funds 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.