For its second fiscal quarter (ending October 31), Frequency Electronics Inc. (NASDAQ: FEIM) has reported E.P.S. of $0.08 compared to $-0.25 a year ago. For the latest four quarters through October 31, E.P.S. were $0.30 compared to $-1.40 a year ago.
Recent Price Action
Frequency Electronics Inc. (NASDAQ: FEIM) stock enjoyed a large increase of 4.3% on 12/12/23. The stock closed at $10.35. Moreover, exceptionally high trading volume at 637% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FEIM is expected to continue to be Value Creation neutral.
Frequency Electronics has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Frequency Electronics has a very low Appreciation Score of 5 but a very high Power Rating of 87, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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