Today, the Sr. VP Business Development of Frequency Electronics (FEIM), Oleandro Mancini, sold shares of FEIM for $5,149.
Following Oleandro Mancini’s last FEIM Sell transaction on July 25, 2012, the stock climbed by 4.6%. In addition to Oleandro Mancini, 2 other FEIM executives reported Sell trades in the last month.
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Based on Frequency Electronics’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $12.14 million and quarterly net profit of $122K. In comparison, last year the company earned revenue of $10.57 million and had a GAAP net loss of $10.4 million. Currently, Frequency Electronics has an average volume of 82.
In the last 30 days, insiders have sold $5,149 worth of FEIM shares and purchased $95.49K worth of FEIM shares. The insider sentiment on Frequency Electronics has been positive according to 29 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 segment.
