Frequency Electronics (NASDAQ:FEIM) issued its earnings results on Thursday. The communications equipment provider reported ($0.54) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Frequency Electronics had a negative net margin of 6.17% and a negative return on equity of 4.95%. The company had revenue of $9.09 million during the quarter.
Shares of Frequency Electronics stock opened at $9.21 on Friday. Frequency Electronics has a 12-month low of $9.17 and a 12-month high of $13.52. The company has a quick ratio of 4.33, a current ratio of 7.88 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $10.56 and a two-hundred day moving average of $11.28.
In related news, Director Edenbrook Capital, Llc bought 4,553 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of $11.21 per share, with a total value of $51,039.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Owl Creek Asset Management, L. acquired 6,700 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $38.05 per share, with a total value of $254,935.00. Over the last ninety days, insiders acquired 23,779 shares of company stock valued at $450,784. 37.70% of the stock is currently owned by corporate insiders.
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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