Frequency Electronics (NASDAQ:FEIM) Stock Rating Upgraded by StockNews.com

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

Frequency Electronics Price Performance

Shares of Frequency Electronics stock opened at $13.24 on Friday. Frequency Electronics has a 1 year low of $6.35 and a 1 year high of $14.23. The firm’s 50-day moving average is $9.99 and its two-hundred day moving average is $10.15. The stock has a market cap of $125.65 million, a price-to-earnings ratio of 38.94 and a beta of 0.46.

Frequency Electronics Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. bought a new stake in shares of Frequency Electronics in the 1st quarter valued at about $1,511,000. Villere ST Denis J & Co. LLC boosted its holdings in shares of Frequency Electronics by 32.0% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 13,200 shares of the communications equipment provider’s stock valued at $144,000 after buying an additional 3,200 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Frequency Electronics in the 4th quarter valued at about $170,000. First United Bank & Trust bought a new stake in shares of Frequency Electronics in the 4th quarter valued at about $55,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Frequency Electronics in the 4th quarter valued at about $199,000. 58.60% of the stock is currently owned by institutional investors.

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.