Shares of Bel Fuse, Inc. (NASDAQ:BELFB) have received an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Zacks has also given Bel Fuse an industry rank of 207 out of 255 based on the ratings given to its competitors.
Get Bel Fuse alerts:BELFB has been the topic of several recent analyst reports. BidaskClub raised Bel Fuse from a “sell” rating to a “hold” rating in a report on Friday, January 18th. ValuEngine raised Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th.
NASDAQ:BELFB traded up $0.72 during trading hours on Friday, hitting $24.72. The company’s stock had a trading volume of 26,589 shares, compared to its average volume of 19,900. The firm has a market capitalization of $318.74 million, a PE ratio of 20.08 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. Bel Fuse has a 52-week low of $16.58 and a 52-week high of $29.00.
Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. grew its holdings 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 worth $37,000 after purchasing an additional 1,600 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Bel Fuse during the fourth quarter worth about $51,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Bel Fuse during the fourth quarter worth about $71,000. Acadian Asset Management LLC purchased a new position in shares of Bel Fuse during the third quarter worth about $113,000. Finally, ClariVest Asset Management LLC grew its holdings in shares of Bel Fuse by 53.9% during the fourth quarter. ClariVest Asset Management LLC now owns 8,751 shares of the electronics maker’s stock worth $161,000 after purchasing an additional 3,064 shares during the last quarter. 59.07% of the stock is currently owned by institutional investors.
Bel Fuse Company Profile
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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