Frequency Electronics (NASDAQ:FEIM) issued its earnings results on Thursday. The communications equipment provider reported ($0.54) earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $9.09 million for the quarter. Frequency Electronics had a negative return on equity of 4.95% and a negative net margin of 6.17%.
Shares of NASDAQ:FEIM opened at $9.82 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.33 and a current ratio of 7.88. Frequency Electronics has a twelve month low of $9.39 and a twelve month high of $13.52. The firm has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $11.29.
In other news, major shareholder Owl Creek Asset Management, L. bought 6,700 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average price of $38.05 per share, for a total transaction of $254,935.00. Also, Director Edenbrook Capital, Llc bought 4,553 shares of Frequency Electronics stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average cost of $11.21 per share, with a total value of $51,039.13. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 23,779 shares of company stock valued at $450,784. Company insiders own 37.70% of the company’s stock.
About Frequency Electronics
Frequency Electronics, Inc designs, develops, manufactures, and sells 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, frequency generation, and synchronization products and subsystems used in communication satellites, terrestrial cellular telephone, or other ground-based telecommunication stations; and other components and systems for the United States military.
Further Reading: Bollinger Bands
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