Frequency Electronics Downgraded to Hold at Freedom Broker

Frequency Electronics (FEIM) was downgraded to Hold from Buy at Freedom Broker after its latest quarterly results showed record revenue, wider margins, and a surge in funded backlog. Analysts Sergey Gilmanov and Zhanaidar Zulpaidar highlighted the company's long-term outlook, but expressed concerns over valuation. The downgrade comes despite the company's strong performance, which included a 10% increase in revenue and a 25% increase in gross margin.