Wall Street Zen Downgrades Frequency Electronics (NASDAQ:FEIM) to Sell

Frequency Electronics (NASDAQ:FEIM - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. UBS Group set a $43.00 target price on shares of Frequency Electronics in a research report on Thursday, September 18th. Craig Hallum initiated coverage on Frequency Electronics in a research note on Thursday, September 18th. They set a "buy" rating and a $43.00 price objective on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Frequency Electronics in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Frequency Electronics currently has a consensus rating of "Buy" and an average target price of $43.00.

View Our Latest Analysis on Frequency Electronics

Frequency Electronics Trading Down 4.0%

Shares of NASDAQ FEIM opened at $31.79 on Friday. The stock's 50-day moving average is $33.91 and its 200 day moving average is $26.47. The stock has a market cap of $309.92 million, a price-to-earnings ratio of 13.88 and a beta of 0.47. Frequency Electronics has a 1-year low of $12.62 and a 1-year high of $41.12.

Frequency Electronics (NASDAQ:FEIM - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The communications equipment provider reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.29). The business had revenue of $13.81 million for the quarter, compared to the consensus estimate of $16.53 million. Frequency Electronics had a net margin of 32.10% and a return on equity of 44.02%. During the same quarter in the previous year, the business earned $0.25 earnings per share.

Institutional Trading of Frequency Electronics

A number of institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Frequency Electronics during the 3rd quarter valued at about $1,245,000. Essex Investment Management Co. LLC lifted its holdings in Frequency Electronics by 3.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 93,410 shares of the communications equipment provider's stock worth $3,168,000 after buying an additional 3,049 shares during the period. Navellier & Associates Inc. bought a new stake in shares of Frequency Electronics in the 3rd quarter worth approximately $915,000. Alps Advisors Inc. purchased a new position in shares of Frequency Electronics during the third quarter valued at approximately $570,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Frequency Electronics during the third quarter valued at approximately $803,000. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

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.

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