Based on Frequency Electronics’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $12.95 million and GAAP net loss of -$262,000. In comparison, last year the company earned revenue of $12.55 million and had a GAAP net loss of $591K. The company has a one-year high of $12.19 and a one-year low of $5.95. Currently, Frequency Electronics has an average volume of 34.09K.
In the last 30 days, insiders have sold $29.75K worth of FEIM shares and purchased $257K worth of FEIM shares. The insider sentiment on Frequency Electronics has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Frequency Electronics, Inc. engages in the design, development, and manufacture of precision time and frequency generation technology. It operates through the FEI-NY and FEI-Zyfer business segments. The FEI-NY segment provides precision time, frequency generation, and synchronization products and subsystems that are found on-board satellites, in ground-based communication stations, and imbedded in moving platforms. The FEI-Zyfer segment designs, develops, and manufactures products for precision time and frequency generation and synchronization, primarily incorporating GPS technology. The company was founded by Martin B. Bloch on August 25, 1961 and is headquartered in Mitchel Field, NY.