StockNews.com Upgrades Frequency Electronics (NASDAQ:FEIM) to “Buy”

StockNews.com upgraded shares of Frequency Electronics (NASDAQ:FEIM) from a hold rating to a buy rating in a report issued on Wednesday.

Frequency Electronics Trading Up 2.8 %

FEIM opened at $13.84 on Wednesday. Frequency Electronics has a 12 month low of $6.35 and a 12 month high of $14.23. The business’s 50-day moving average price is $9.58 and its 200-day moving average price is $10.05. The company has a market cap of $131.34 million, a P/E ratio of 40.71 and a beta of 0.46.

Frequency Electronics Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thompson Davis & CO. Inc. bought a new stake in Frequency Electronics during the 1st quarter valued at $1,511,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Frequency Electronics in the fourth quarter valued at about $199,000. Hillsdale Investment Management Inc. bought a new position in shares of Frequency Electronics during the fourth quarter valued at about $170,000. Villere ST Denis J & Co. LLC boosted its holdings in shares of Frequency Electronics by 32.0% during the first quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock worth $144,000 after purchasing an additional 3,200 shares during the period. Finally, First United Bank & Trust bought a new stake in shares of Frequency Electronics in the fourth quarter worth about $55,000. Institutional investors own 58.60% of the company’s stock.

About Frequency Electronics

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.