NEW YORK (TheStreet) -- Shares of Frequency Electronics Inc. (FEIM) are up 10.6% to $12 after it announced it had been awarded a new satellite contract that's anticipated to exceed $11 million.
The contract calls for Frequency to design and develop a payload master timing and frequency generator system for U.S. Government end-use.
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TheStreet Ratings team rates FREQUENCY ELECTRONICS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FREQUENCY ELECTRONICS INC (FEIM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: