ValuEngine Upgrades Frequency Electronics (FEIM) to “Buy”

Frequency Electronics (NASDAQ:FEIM) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday, February 4th.

Separately, TheStreet raised shares of Frequency Electronics from a “d+” rating to a “c-” rating in a research note on Monday, October 8th.

Frequency Electronics stock traded up $0.09 during trading hours on Monday, hitting $11.72. 868 shares of the stock were exchanged, compared to its average volume of 8,513. Frequency Electronics has a 12 month low of $7.30 and a 12 month high of $13.52.

Frequency Electronics (NASDAQ:FEIM) last issued its quarterly earnings data on Wednesday, December 12th. The communications equipment provider reported $0.01 earnings per share for the quarter. The firm had revenue of $12.14 million for the quarter. Frequency Electronics had a negative net margin of 55.22% and a negative return on equity of 20.37%.

In other news, Director Edenbrook Capital, Llc acquired 2,600 shares of the firm’s stock in a transaction on Thursday, January 3rd. The shares were purchased at an average cost of $9.75 per share, with a total value of $25,350.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 15,285 shares of company stock worth $154,197 over the last ninety days. Insiders own 41.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Frequency Electronics by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 690,241 shares of the communications equipment provider’s stock worth $7,317,000 after purchasing an additional 10,416 shares in the last quarter. Royce & Associates LP lifted its holdings in Frequency Electronics by 24.9% in the fourth quarter. Royce & Associates LP now owns 493,791 shares of the communications equipment provider’s stock valued at $5,234,000 after buying an additional 98,529 shares during the period. BlackRock Inc. lifted its holdings in Frequency Electronics by 3.7% in the fourth quarter. BlackRock Inc. now owns 191,798 shares of the communications equipment provider’s stock valued at $2,033,000 after buying an additional 6,882 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Frequency Electronics by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 152,550 shares of the communications equipment provider’s stock valued at $1,617,000 after buying an additional 2,050 shares during the period. Finally, Morgan Stanley lifted its holdings in Frequency Electronics by 106.7% in the third quarter. Morgan Stanley now owns 179,197 shares of the communications equipment provider’s stock valued at $1,858,000 after buying an additional 92,497 shares during the period. Institutional investors own 45.78% of the company’s stock.

About Frequency Electronics

Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.

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