Frequency Electronics (NASDAQ:FEIM) Issues Quarterly Earnings Results

Frequency Electronics (NASDAQ:FEIM) announced its earnings results on Thursday. The communications equipment provider reported ($0.26) EPS for the quarter, Morningstar.com reports. Frequency Electronics had a negative net margin of 5.11% and a negative return on equity of 3.94%. The company had revenue of $13.16 million during the quarter.

Shares of FEIM stock opened at $12.10 on Friday. The firm has a 50 day moving average of $11.59. Frequency Electronics has a one year low of $7.30 and a one year high of $13.52.

Hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its holdings in Frequency Electronics by 100.0% in the first quarter. Moors & Cabot Inc. now owns 77,634 shares of the communications equipment provider’s stock valued at $926,000 after acquiring an additional 38,817 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Frequency Electronics by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 690,241 shares of the communications equipment provider’s stock valued at $7,317,000 after acquiring an additional 10,416 shares during the last quarter. Royce & Associates LP boosted its holdings in Frequency Electronics by 7.9% in the first quarter. Royce & Associates LP now owns 532,912 shares of the communications equipment provider’s stock valued at $6,315,000 after acquiring an additional 39,121 shares during the last quarter. BlackRock Inc. boosted 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 acquiring an additional 6,882 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in Frequency Electronics by 0.6% in the first quarter. Kennedy Capital Management Inc. now owns 844,583 shares of the communications equipment provider’s stock valued at $10,008,000 after acquiring an additional 5,410 shares during the last quarter. Institutional investors and hedge funds own 45.72% of the company’s stock.



Frequency Electronics Company Profile

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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Earnings History for Frequency Electronics (NASDAQ:FEIM)

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