Bel Fuse (NASDAQ:BELFB) Downgraded to Hold at StockNews.com

Bel Fuse (NASDAQ:BELFB) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

BELFB has been the topic of a number of other reports. Needham & Company LLC dropped their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Northland Securities cut Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research report on Thursday, May 2nd.

Bel Fuse Stock Down 4.5 %

NASDAQ BELFB traded down $3.13 during trading on Wednesday, hitting $66.36. The company’s stock had a trading volume of 110,063 shares, compared to its average volume of 103,761. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The company has a market cap of $837.46 million, a PE ratio of 11.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The business’s 50 day simple moving average is $66.54 and its 200-day simple moving average is $63.15.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, beating the consensus estimate of $1.04 by $0.22. The firm had revenue of $128.09 million during the quarter, compared to analyst estimates of $128.47 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. On average, equities analysts anticipate that Bel Fuse will post 4.39 EPS for the current fiscal year.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Beach Investment Counsel Inc. PA purchased a new stake in shares of Bel Fuse in the second quarter worth about $25,000. DekaBank Deutsche Girozentrale grew its stake in shares of Bel Fuse by 142.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker’s stock worth $488,000 after purchasing an additional 4,867 shares during the period. Comerica Bank grew its stake in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the period. Truvestments Capital LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at $407,000. Finally, Paragon Associates & Paragon Associates II Joint Venture acquired a new position in shares of Bel Fuse in the 1st quarter valued at $3,619,000. 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 are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.