Frequency Electronics (FEIM) Receives Daily News Impact Score of 0.14
News articles about Frequency Electronics (NASDAQ:FEIM) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frequency Electronics earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.5015285449313 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Frequency Electronics (NASDAQ:FEIM) traded down 2.52% on Tuesday, reaching $9.28. 11,545 shares of the company’s stock were exchanged. The company’s market cap is $81.01 million. The firm’s 50-day moving average price is $9.29 and its 200 day moving average price is $9.26. Frequency Electronics has a 12 month low of $7.53 and a 12 month high of $11.50.
Frequency Electronics (NASDAQ:FEIM) last announced its earnings results on Wednesday, September 13th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter. Frequency Electronics had a negative net margin of 6.89% and a negative return on equity of 4.14%. The firm had revenue of $12.02 million for the quarter. Equities research analysts predict that Frequency Electronics will post $0.41 EPS for the current fiscal year.
Separately, TheStreet cut shares of Frequency Electronics from a “c-” rating to a “d” rating in a research note on Friday, July 28th.
In other news, major shareholder Edenbrook Capital, Llc purchased 38,000 shares of Frequency Electronics stock in a transaction that occurred on Tuesday, September 19th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $304,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 38.90% 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).
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