Frequency Electronics, Inc. (FEIM) Major Shareholder Acquires $657,016.00 in Stock
Frequency Electronics, Inc. (NASDAQ:FEIM) major shareholder Edenbrook Capital, Llc bought 77,296 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $657,016.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Frequency Electronics, Inc. (NASDAQ FEIM) traded down 1.36% on Monday, reaching $8.73. 34,250 shares of the company’s stock traded hands. Frequency Electronics, Inc. has a 12 month low of $7.91 and a 12 month high of $11.99. The firm’s 50 day moving average price is $9.70 and its 200 day moving average price is $10.53. The company’s market cap is $76.20 million.
Separately, TheStreet upgraded shares of Frequency Electronics from a “d+” rating to a “c-” rating in a report on Friday, April 7th.
About Frequency Electronics
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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