Frequency Electronics (NASDAQ:FEIM) posted its earnings results on Thursday. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $13.19 million for the quarter. Frequency Electronics had a negative net margin of 55.22% and a negative return on equity of 20.37%.
Frequency Electronics stock opened at $10.80 on Friday. Frequency Electronics has a 52-week low of $7.30 and a 52-week high of $13.52.
Separately, ValuEngine raised shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.
Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in shares of Frequency Electronics by 30.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 150,500 shares of the communications equipment provider’s stock worth $1,561,000 after buying an additional 35,000 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Frequency Electronics by 13.5% in the 3rd quarter. Royce & Associates LP now owns 395,262 shares of the communications equipment provider’s stock worth $4,099,000 after purchasing an additional 47,027 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Frequency Electronics by 5.8% in the 3rd quarter. Renaissance Technologies LLC now owns 247,700 shares of the communications equipment provider’s stock worth $2,569,000 after purchasing an additional 13,512 shares in the last quarter. Smith Moore & CO. acquired a new stake in shares of Frequency Electronics during the third quarter valued at approximately $261,000. Finally, Morgan Stanley raised its holdings in shares of Frequency Electronics by 106.7% during the third quarter. Morgan Stanley now owns 179,197 shares of the communications equipment provider’s stock valued at $1,858,000 after acquiring an additional 92,497 shares during the period. Institutional investors own 45.20% of the company’s stock.
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Frequency Electronics Company Profile
Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.
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