Frequency Electronics (NASDAQ:FEIM) Releases Earnings Results

Frequency Electronics (NASDAQ:FEIM) announced its earnings results on Thursday. The communications equipment provider reported $0.22 earnings per share for the quarter, reports. Frequency Electronics had a negative return on equity of 14.68% and a negative net margin of 13.49%. The firm had revenue of $12.41 million for the quarter.

Frequency Electronics Trading Up 8.5 %

Frequency Electronics stock opened at $7.13 on Friday. The business’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.67. Frequency Electronics has a 12 month low of $4.92 and a 12 month high of $7.42. The company has a market cap of $66.95 million, a price-to-earnings ratio of -12.29 and a beta of 0.34.

Institutional Investors Weigh In On Frequency Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of FEIM. Smith Moore & CO. purchased a new stake in Frequency Electronics during the fourth quarter valued at about $70,000. Moors & Cabot Inc. grew its stake in shares of Frequency Electronics by 9.0% during the first quarter. Moors & Cabot Inc. now owns 36,324 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 3,000 shares during the last quarter. BlackRock Inc. grew its stake in shares of Frequency Electronics by 5.3% during the second quarter. BlackRock Inc. now owns 157,058 shares of the communications equipment provider’s stock valued at $1,040,000 after buying an additional 7,893 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Frequency Electronics during the second quarter valued at about $72,000. Institutional investors own 52.13% of the company’s stock.

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.