Frequency Electronics (FEIM) Posts Earnings Results

Frequency Electronics (NASDAQ:FEIM) posted its quarterly earnings data on Thursday. The communications equipment provider reported ($0.04) earnings per share for the quarter, Morningstar.com reports. The company had revenue of $13.19 million during the quarter. Frequency Electronics had a negative net margin of 55.22% and a negative return on equity of 20.37%.

FEIM traded up $0.64 during midday trading on Friday, hitting $11.44. The company had a trading volume of 14,624 shares, compared to its average volume of 9,632. Frequency Electronics has a twelve month low of $7.30 and a twelve month high of $13.52.

Separately, ValuEngine upgraded shares of Frequency Electronics from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

In related news, Director Edenbrook Capital, Llc acquired 3,784 shares of the stock in a transaction on Monday, January 14th. The stock was purchased at an average price of $10.34 per share, for a total transaction of $39,126.56. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 15,285 shares of company stock valued at $154,197 in the last 90 days. Corporate insiders own 41.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in Frequency Electronics by 30.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 150,500 shares of the communications equipment provider’s stock valued at $1,561,000 after acquiring an additional 35,000 shares in the last quarter. Royce & Associates LP grew its position in shares of Frequency Electronics by 13.5% during the 3rd quarter. Royce & Associates LP now owns 395,262 shares of the communications equipment provider’s stock worth $4,099,000 after buying an additional 47,027 shares during the period. Renaissance Technologies LLC grew its position in shares of Frequency Electronics by 5.8% during the 3rd quarter. Renaissance Technologies LLC now owns 247,700 shares of the communications equipment provider’s stock worth $2,569,000 after buying an additional 13,512 shares during the period. Smith Moore & CO. acquired a new stake in shares of Frequency Electronics during the 3rd quarter worth approximately $261,000. Finally, Morgan Stanley grew its position in shares of Frequency Electronics by 106.7% during the 3rd quarter. Morgan Stanley now owns 179,197 shares of the communications equipment provider’s stock worth $1,858,000 after buying an additional 92,497 shares during the period. Hedge funds and other institutional investors own 45.20% of the company’s stock.

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About Frequency Electronics

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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Earnings History for Frequency Electronics (NASDAQ:FEIM)

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