Frequency Electronics (NASDAQ:FEIM) Announces Earnings Results

Frequency Electronics (NASDAQ:FEIM) posted its quarterly earnings results on Thursday. The communications equipment provider reported $1.60 earnings per share for the quarter, Zacks reports. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%.

Frequency Electronics Stock Down 0.9 %

Shares of NASDAQ FEIM traded down $0.13 during midday trading on Thursday, hitting $14.06. 60,744 shares of the company’s stock were exchanged, compared to its average volume of 60,039. Frequency Electronics has a 12 month low of $8.62 and a 12 month high of $20.33. The company’s 50 day moving average price is $16.67 and its 200 day moving average price is $14.85. The firm has a market capitalization of $135.13 million, a PE ratio of 17.15 and a beta of 0.41.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Frequency Electronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th.

About Frequency Electronics

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of 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 and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.