Bel Fuse (NASDAQ:BELFA - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report released on Friday,Weiss Ratings reports.
Bel Fuse Trading Up 2.6%
Shares of Bel Fuse stock traded up $3.47 during trading on Friday, hitting $138.63. The stock had a trading volume of 31,587 shares, compared to its average volume of 8,091. The stock has a 50 day simple moving average of $118.16 and a 200 day simple moving average of $93.69. The company has a market capitalization of $1.76 billion, a PE ratio of 35.91 and a beta of 1.25. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Bel Fuse has a 1 year low of $53.95 and a 1 year high of $140.50.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.43. The business had revenue of $168.30 million for the quarter, compared to the consensus estimate of $149.60 million. Bel Fuse had a net margin of 8.59% and a return on equity of 18.33%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BELFA. FNY Investment Advisers LLC purchased a new position in shares of Bel Fuse in the second quarter worth approximately $51,000. Tower Research Capital LLC TRC grew its position in Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company's stock valued at $67,000 after purchasing an additional 608 shares in the last quarter. Rhumbline Advisers grew its position in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after purchasing an additional 767 shares in the last quarter. Makaira Partners LLC purchased a new position in Bel Fuse during the first quarter valued at approximately $288,000. Finally, Cynosure Group LLC purchased a new position in Bel Fuse during the first quarter valued at approximately $310,000. 6.01% of the stock is owned by hedge funds and other institutional investors.
Bel Fuse Company Profile
(
Get Free Report)
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.
Further Reading
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