Frequency Electronics (FEIM) Given Media Sentiment Rating of 0.01
Press coverage about Frequency Electronics (NASDAQ:FEIM) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frequency Electronics earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.952666419471 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, TheStreet downgraded shares of Frequency Electronics from a “c-” rating to a “d” rating in a report on Friday, July 28th.
Frequency Electronics (NASDAQ:FEIM) remained flat at $7.90 during mid-day trading on Friday. The stock had a trading volume of 6,619 shares. The company has a 50 day moving average of $8.49 and a 200-day moving average of $9.91. The firm’s market cap is $68.96 million. Frequency Electronics has a 52 week low of $7.53 and a 52 week high of $11.99.
In other news, major shareholder Edenbrook Capital, Llc bought 77,296 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average price of $8.50 per share, with a total value of $657,016.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.90% of the company’s stock.
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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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