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. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and ethernet discrete components. The company also provides power solutions and protection products comprising front-end power supplies; board-mount power; industrial power; external power; and circuit protection products. In addition, it offers connectivity solutions, which includes expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and ethernet, I/O, and industrial and power connectivity. The company sells its products under the Bel, TRP Connector, MagJack, Signal, Bel Power Solutions, Melcher, CUI, Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex, and Stewart Connector brands through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors. Bel Fuse Inc. was incorporated in 1949 and is headquartered in Jersey City, New Jersey.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on BELFB shares. Needham & Company LLC increased their price objective on Bel Fuse from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, July 29th. StockNews.com raised Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 2nd.
Bel Fuse Stock Performance
Bel Fuse stock opened at $24.97 on Monday. The stock's 50 day moving average price is $17.60 and its 200 day moving average price is $16.38. The firm has a market capitalization of $312.57 million, a PE ratio of 8.61 and a beta of 1.64. 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 has a one year low of $11.58 and a one year high of $25.37.
Bel Fuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.28 annualized dividend and a yield of 1.12%. Bel Fuse's dividend payout ratio is presently 9.66%.