Bel Fuse Inc. (NASDAQ:BELFB – Get Rating) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.41 and traded as high as $25.75. Bel Fuse shares last traded at $25.33, with a volume of 46,576 shares trading hands.
Analysts Set New Price Targets
Several analysts have commented on the company. StockNews.com upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 13th. Needham & Company LLC boosted their target price on Bel Fuse from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, TheStreet upgraded Bel Fuse from a “c+” rating to a “b” rating in a report on Tuesday, August 23rd.
Bel Fuse Stock Performance
The stock has a market cap of $312.50 million, a PE ratio of 8.63 and a beta of 1.56. The stock has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $19.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.80.
Bel Fuse Announces Dividend
Hedge Funds Weigh In On Bel Fuse
A number of institutional investors and hedge funds have recently bought and sold shares of BELFB. Assenagon Asset Management S.A. raised its position in shares of Bel Fuse by 402.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 151,911 shares of the electronics maker’s stock valued at $2,710,000 after purchasing an additional 121,686 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at approximately $1,451,000. Investment Management of Virginia LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at approximately $1,084,000. Gabelli Funds LLC raised its position in shares of Bel Fuse by 159.4% in the 1st quarter. Gabelli Funds LLC now owns 90,791 shares of the electronics maker’s stock valued at $1,620,000 after purchasing an additional 55,791 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Bel Fuse by 15.5% in the 1st quarter. Acadian Asset Management LLC now owns 334,959 shares of the electronics maker’s stock valued at $5,973,000 after purchasing an additional 44,918 shares in the last quarter. Hedge funds and other institutional investors own 49.71% of the company’s stock.
About Bel Fuse
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, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
- Get a free copy of the StockNews.com research report on Bel Fuse (BELFB)
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