Bel Fuse (NASDAQ:BELFB) Stock Price Down 4.7% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFB) shares traded down 4.7% on Thursday . The stock traded as low as $75.19 and last traded at $75.19. 41,501 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 92,776 shares. The stock had previously closed at $78.90.

Analyst Ratings Changes

BELFB has been the subject of a number of recent analyst reports. Northland Securities lifted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Needham & Company LLC upped their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th.

Bel Fuse Stock Down 0.9 %

The firm has a 50 day moving average price of $73.47 and a two-hundred day moving average price of $67.63. The firm has a market capitalization of $987.01 million, a price-to-earnings ratio of 13.28 and a beta of 1.34. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.58. The company had revenue of $133.21 million during the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, equities analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of BELFB. Renaissance Technologies LLC boosted its position in Bel Fuse by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker’s stock valued at $20,215,000 after buying an additional 4,027 shares during the last quarter. American Century Companies Inc. boosted its holdings in Bel Fuse by 11.6% in the second quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock valued at $18,024,000 after purchasing an additional 28,649 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after purchasing an additional 123,092 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in Bel Fuse during the 1st quarter worth approximately $3,619,000. Finally, Isthmus Partners LLC acquired a new position in shares of Bel Fuse in the 2nd quarter valued at approximately $39,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.