Frequency Electronics, Inc. (NASDAQ:FEIM) Downgraded by TheStreet

TheStreet lowered shares of Frequency Electronics, Inc. (NASDAQ:FEIM) from a c- rating to a d rating in a research report report published on Friday, July 28th.

Shares of Frequency Electronics (NASDAQ FEIM) traded down 1.64% on Friday, hitting $8.38. 1,410 shares of the stock traded hands. Frequency Electronics has a 1-year low of $7.91 and a 1-year high of $11.99. The stock’s market cap is $73.15 million. The stock has a 50 day moving average of $8.88 and a 200-day moving average of $10.13.

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In other news, major shareholder Edenbrook Capital, Llc acquired 77,296 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average cost of $8.50 per share, with a total value of $657,016.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 38.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FEIM. GRT Capital Partners L.L.C. bought a new position in Frequency Electronics during the second quarter valued at about $105,000. Shufro Rose & Co. LLC raised its stake in shares of Frequency Electronics by 13.4% in the second quarter. Shufro Rose & Co. LLC now owns 14,391 shares of the communications equipment provider’s stock worth $137,000 after buying an additional 1,700 shares in the last quarter. Deltec Asset Management LLC raised its stake in shares of Frequency Electronics by 21.7% in the second quarter. Deltec Asset Management LLC now owns 27,600 shares of the communications equipment provider’s stock worth $263,000 after buying an additional 4,926 shares in the last quarter. Northern Trust Corp raised its stake in shares of Frequency Electronics by 9.0% in the second quarter. Northern Trust Corp now owns 31,741 shares of the communications equipment provider’s stock worth $302,000 after buying an additional 2,622 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Frequency Electronics by 50.2% in the second quarter. Vanguard Group Inc. now owns 293,376 shares of the communications equipment provider’s stock worth $2,798,000 after buying an additional 97,993 shares in the last quarter. Institutional investors and hedge funds own 38.04% of the company’s stock.

Frequency Electronics Company Profile

Frequency Electronics, Inc (FEI) is principally engaged in the design, development and manufacture of precision time and frequency control products and components for microwave integrated circuit applications. The Company operates in three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The FEI-NY segment also includes the operations of the Company’s subsidiaries, Frequency Electronics, Inc Asia (FEI-Asia) and FEI-Elcom Tech, Inc (FEI-Elcom).

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