Bel Fuse (NASDAQ:BELFB) Stock Rating Upgraded by Baird R W

Bel Fuse (NASDAQ:BELFB - Get Free Report) was upgraded by Baird R W to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Robert W. Baird initiated coverage on Bel Fuse in a report on Tuesday. They issued an "outperform" rating and a $88.00 price target for the company. Craig Hallum began coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. Wall Street Zen lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC cut their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $99.60.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB traded up $1.34 during midday trading on Tuesday, reaching $84.39. The company's stock had a trading volume of 39,021 shares, compared to its average volume of 80,543. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average of $71.72 and a 200 day moving average of $77.43. Bel Fuse has a twelve month low of $58.00 and a twelve month high of $92.61. The firm has a market capitalization of $1.07 billion, a PE ratio of 25.81, a P/E/G ratio of 1.24 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. On average, equities analysts expect that Bel Fuse will post 4.63 EPS for the current fiscal year.

Institutional Trading of Bel Fuse

Institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the 4th quarter worth $148,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after buying an additional 854 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Bel Fuse during the first quarter worth $225,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Bel Fuse in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 58.39% of the company's stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.