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In a recent transaction, Russell M. Sarachek, a director at Frequency Electronics Inc. (NASDAQ:FEIM), purchased 1,582 shares of the company’s common stock. The shares were acquired at an average price of $15.62 each, totaling approximately $24,710. The company, currently trading at an attractive P/E ratio of 6.5 and offering a substantial 6.5% dividend yield, has demonstrated strong performance with a 68.6% return over the past year. Following this acquisition, Sarachek now holds 461,619 shares directly. This transaction was disclosed in a filing with the Securities and Exchange Commission. According to InvestingPro, the company maintains a healthy financial position with a current ratio of 2.19 and has received a "GREAT" overall health score. Discover more insights and 10 additional ProTips for FEIM with an InvestingPro subscription.
In other recent news, Frequency Electronics Inc. reported robust financial results for the first quarter of 2025, with earnings per share of $1.60 and revenue totaling $18.93 million, both surpassing market expectations. The company also demonstrated a significant increase in consolidated revenue, reaching $49.8 million for the nine months ending January 31, 2025, compared to $39.7 million the previous year. This growth was largely driven by satellite programs, which contributed 58% of the total revenue. Additionally, Frequency Electronics achieved a substantial rise in net income to $20.5 million from $3 million in the previous year.
In terms of analyst activity, Frequency Electronics did not receive any specific upgrades or downgrades recently, but its strategic focus on quantum sensing technologies and satellite programs suggests a positive outlook. The company is exploring potential contracts in both legacy systems and new technologies, although there is caution due to government uncertainty. Despite these challenges, CEO Thomas McClelland expressed confidence in the company’s future, emphasizing their readiness to invest strategically. The firm remains debt-free and maintains a strong working capital position, indicating a stable financial foundation for future endeavors.
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