Bel Fuse (NASDAQ:BELFA) Stock Passes Above Fifty Day Moving Average of $11.44

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Bel Fuse, Inc. (NASDAQ:BELFA)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.44 and traded as high as $12.50. Bel Fuse shares last traded at $12.50, with a volume of 900 shares.

Separately, ValuEngine raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.

The company has a quick ratio of 1.87, a current ratio of 3.23 and a debt-to-equity ratio of 0.67. The firm has a market cap of $128.45 million, a price-to-earnings ratio of 8.02 and a beta of 2.01. The business’s fifty day moving average is $11.41 and its two-hundred day moving average is $16.72.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. Bel Fuse had a net margin of 3.59% and a return on equity of 9.48%. The firm had revenue of $127.42 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, October 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.76%.

In other news, Director Peter E. Gilbert purchased 5,000 shares of Bel Fuse stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $10.52 per share, with a total value of $52,600.00. Following the completion of the transaction, the director now directly owns 23,750 shares in the company, valued at approximately $249,850. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.53% of the company’s stock.

An institutional investor recently raised its position in Bel Fuse stock. Vanguard Group Inc. boosted its stake in Bel Fuse, Inc. (NASDAQ:BELFA) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,075 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,101 shares during the quarter. Vanguard Group Inc. owned 0.14% of Bel Fuse worth $251,000 as of its most recent SEC filing. 7.25% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile (NASDAQ:BELFA)

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.

See Also: Arbitrage

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