Frequency Electronics, (FEIM) falls 0.60% for October 15 Leave a comment

Today, Frequency Electronics, Inc. Inc’s (NASDAQ: FEIM) stock fell $0.06, accounting for a 0.60% decrease. Frequency Electronics, opened at $10.00 before trading between $10.06 and $9.95 throughout Friday’s session. The activity saw Frequency Electronics,’s market cap fall to $91,997,103 on 6,361 shares -below their 30-day average of 59,703.

About Frequency Electronics, Inc.

Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. Frequency’s products are used in satellite payloads and in other commercial, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, energy exploration and wireline and wireless networks. Frequency has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOD programs. The Company invests significant resources in research and development to expand its capabilities and markets.

Visit Frequency Electronics, Inc.’s profile for more information.

The Daily Fix

Emerson Electric To Merge Industrial Software Businesses With Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq:AZPN), in a deal worth $11 billion. 

The cash-and-stock transaction announced Monday values AspenTech at about $160 per share, a 27% premium to its Oct. 6 close, before Bloomberg News first reported on talks between the two companies. 

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JPMorgan Misses on Third Quarter Revenue, Beats Earnings Estimates With One-Time Items

 

JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

The nation’s largest bank by assets said it earned a profit of $11.69 billion, or $3.74 per share, compared with a profit of $9.44 billion, or $2.92 per share, in the same period a year earlier. The bank had two one-time items that helped boost its profits this quarter: a $566 million income tax benefit and the release of $2.1 billion from its troubled loans books, something the JPMorgan has been doing every three months since the U.S. economy started recovering from the pandemic.

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BlackRock Beats Q3 Profit Estimates, But Asset Growth Flattens

BlackRock Inc topped third-quarter profit estimates helped by robust performance fees and strong demand for its actively managed and sustainable funds, even as volatile markets hindered the world’s largest money manager from growing its assets under management.

Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on vaccinations and strong fiscal and monetary aid.

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About The Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world’s leading exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information on Frequency Electronics, Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: Frequency Electronics, Inc.’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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