Bel Fuse, Inc. (NASDAQ:BELFB) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.45. Bel Fuse shares last traded at $11.45, with a volume of 325 shares changing hands.
BELFB has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. BidaskClub lowered shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 14th.
The company’s 50-day simple moving average is $15.25. The stock has a market cap of $140.51 million, a PE ratio of 7.83 and a beta of 1.29. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.23 and a quick ratio of 1.87.
Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, August 1st. The electronics maker reported $0.03 EPS for the quarter. The firm had revenue of $127.42 million during the quarter. Bel Fuse had a net margin of 3.59% and a return on equity of 9.48%.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, October 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.39%.
Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in shares of Bel Fuse by 400.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,000 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 1,600 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Bel Fuse by 506.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,044 shares of the electronics maker’s stock valued at $52,000 after acquiring an additional 1,707 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Bel Fuse during the fourth quarter valued at about $51,000. Metropolitan Life Insurance Co NY bought a new position in shares of Bel Fuse during the first quarter valued at about $84,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Bel Fuse during the first quarter valued at about $116,000. Institutional investors own 62.84% of the company’s stock.
Bel Fuse Company Profile (NASDAQ:BELFB)
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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