Frequency Electronics (NASDAQ:FEIM) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.20 and traded as high as $19.47. Frequency Electronics shares last traded at $18.41, with a volume of 187,351 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Frequency Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday.

Frequency Electronics Trading Up 2.5 %

The firm has a market cap of $182.80 million, a P/E ratio of 23.20 and a beta of 0.48. The stock’s fifty day moving average is $13.77 and its two-hundred day moving average is $12.31.

Hedge Funds Weigh In On Frequency Electronics

A number of institutional investors have recently added to or reduced their stakes in FEIM. Dimensional Fund Advisors LP grew its holdings in shares of Frequency Electronics by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 684,633 shares of the communications equipment provider’s stock worth $6,237,000 after purchasing an additional 1,847 shares in the last quarter. Evernest Financial Advisors LLC bought a new stake in Frequency Electronics during the third quarter valued at approximately $124,000. Barclays PLC bought a new stake in Frequency Electronics during the third quarter valued at approximately $153,000. XTX Topco Ltd purchased a new position in Frequency Electronics in the 3rd quarter worth approximately $189,000. Finally, Geode Capital Management LLC increased its holdings in shares of Frequency Electronics by 26.3% in the 3rd quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after buying an additional 19,259 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors.

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.