Frequency Electronics (NASDAQ:FEIM) Trading Up 10.8% – Should You Buy?

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

Analysts Set New Price Targets

Several research firms have recently weighed in on FEIM. Craig Hallum reaffirmed a “buy” rating and set a $46.00 price objective on shares of Frequency Electronics in a report on Friday, December 12th. Wall Street Zen cut Frequency Electronics from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Loop Capital set a $42.00 price objective on Frequency Electronics in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Frequency Electronics in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frequency Electronics has an average rating of “Buy” and an average target price of $43.67.

Frequency Electronics Trading Up 4.4%

The company has a market capitalization of $553.25 million, a price-to-earnings ratio of 25.83 and a beta of 0.35. The company has a 50 day moving average price of $53.25 and a 200 day moving average price of $40.47.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Thursday, December 11th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12). The firm had revenue of $17.13 million during the quarter, compared to the consensus estimate of $16.87 million. Frequency Electronics had a net margin of 30.28% and a return on equity of 38.07%.

Hedge Funds Weigh In On Frequency Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC bought a new position in shares of Frequency Electronics in the 4th quarter worth $26,000. Kestra Advisory Services LLC acquired a new position in Frequency Electronics in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Frequency Electronics in the third quarter valued at about $25,000. State of Wyoming bought a new position in Frequency Electronics during the fourth quarter worth about $49,000. Finally, Wexford Capital LP bought a new position in Frequency Electronics during the third quarter worth about $32,000. 58.60% of the stock is owned by institutional investors.

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.