Frequency Electronics (FEIM) Receiving Somewhat Positive Press Coverage, Study Finds
News articles about Frequency Electronics (NASDAQ:FEIM) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Frequency Electronics earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.0655799761328 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Frequency Electronics (NASDAQ FEIM) traded down 0.38% during trading on Friday, hitting $7.97. 3,187 shares of the stock traded hands. The firm’s market cap is $69.58 million. Frequency Electronics has a 52 week low of $7.53 and a 52 week high of $11.99. The company has a 50-day moving average of $8.69 and a 200-day moving average of $10.02.
Separately, TheStreet cut shares of Frequency Electronics from a “c-” rating to a “d” rating in a research note on Friday, July 28th.
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In related news, major shareholder Edenbrook Capital, Llc purchased 77,296 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $657,016.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 38.90% of the company’s stock.
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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