Frequency Electronics (NASDAQ:FEIM) Trading Down 5.6% – Time to Sell?

Frequency Electronics, Inc. (NASDAQ:FEIM)’s share price traded down 5.6% on Monday . The company traded as low as $71.10 and last traded at $71.0660. 30,840 shares were traded during trading, a decline of 83% from the average session volume of 183,465 shares. The stock had previously closed at $75.28.

Analysts Set New Price Targets

Several analysts have commented on FEIM shares. Weiss Ratings lowered shares of Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. Freedom Capital raised shares of Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Frequency Electronics has a consensus rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Price Performance

The stock has a market cap of $730.47 million, a price-to-earnings ratio of 98.61 and a beta of 0.67. The company’s fifty day moving average price is $60.59 and its 200-day moving average price is $52.54.

Institutional Trading of Frequency Electronics

A number of institutional investors have recently bought and sold shares of FEIM. Caitong International Asset Management Co. Ltd purchased a new position in Frequency Electronics in the 3rd quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new position in Frequency Electronics in the 4th quarter worth $26,000. Kestra Advisory Services LLC purchased a new position in Frequency Electronics in the 4th quarter worth $27,000. Wexford Capital LP purchased a new position in Frequency Electronics in the 3rd quarter worth $32,000. Finally, BNP Paribas Financial Markets raised its stake in Frequency Electronics by 130.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 731 shares during the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

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.