TheStreet Lowers Frequency Electronics, Inc. (NASDAQ:FEIM) to D

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

Shares of Frequency Electronics (NASDAQ FEIM) opened at 7.97 on Friday. The company’s 50 day moving average price is $8.69 and its 200 day moving average price is $10.02. Frequency Electronics has a 12 month low of $7.53 and a 12 month high of $11.99. The company’s market capitalization is $69.57 million.

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In other news, major shareholder Edenbrook Capital, Llc purchased 77,296 shares of the company’s stock in a transaction on Friday, July 14th. The stock was purchased at an average price of $8.50 per share, with a total value of $657,016.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.90% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the company. GRT Capital Partners L.L.C. purchased a new stake in shares of 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 valued at $137,000 after buying an additional 1,700 shares during the period. 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 valued at $263,000 after buying an additional 4,926 shares during the period. 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 valued at $302,000 after buying an additional 2,622 shares during the period. 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 valued at $2,798,000 after buying an additional 97,993 shares during the period. 38.06% of the stock is owned by hedge funds and other institutional investors.

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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