Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Frequency Electronics (FEIM) Share Price
News articles about Frequency Electronics (NASDAQ:FEIM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frequency Electronics earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 44.4440322312029 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Frequency Electronics (FEIM) opened at $9.10 on Tuesday. Frequency Electronics has a 52-week low of $7.53 and a 52-week high of $11.50.
Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings data on Wednesday, September 13th. The communications equipment provider reported $0.09 earnings per share for the quarter. The firm had revenue of $12.02 million for the quarter. Frequency Electronics had a negative net margin of 6.89% and a negative return on equity of 4.14%.
Separately, TheStreet downgraded shares of Frequency Electronics from a “c-” rating to a “d” rating in a report on Friday, July 28th.
In other Frequency Electronics news, major shareholder Edenbrook Capital, Llc bought 157,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $9.00 per share, for a total transaction of $1,416,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Fund Lp Privet sold 85,200 shares of Frequency Electronics stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $9.00, for a total transaction of $766,800.00. Following the completion of the transaction, the insider now owns 53,783 shares in the company, valued at approximately $484,047. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 245,400 shares of company stock worth $2,120,600. Corporate insiders own 37.20% of the company’s stock.
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).
Receive News & Stock Ratings for Frequency Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frequency Electronics Inc. and related stocks with our FREE daily email newsletter.