Bel Fuse (BELFB) Hits New 1-Year Low at $17.15
Bel Fuse, Inc. (NASDAQ:BELFB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $17.15 and last traded at $17.15, with a volume of 4490 shares traded. The stock had previously closed at $17.35.
Separately, BidaskClub cut shares of Bel Fuse from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
The company has a quick ratio of 1.81, a current ratio of 3.05 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $208.76, a price-to-earnings ratio of -18.26 and a beta of 0.76.
Large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $119,000. BNP Paribas Arbitrage SA increased its stake in shares of Bel Fuse by 75.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,934 shares of the electronics maker’s stock valued at $154,000 after acquiring an additional 2,127 shares during the period. SG Americas Securities LLC acquired a new position in shares of Bel Fuse during the fourth quarter valued at approximately $197,000. The Manufacturers Life Insurance Company increased its stake in shares of Bel Fuse by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock valued at $219,000 after acquiring an additional 1,272 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Bel Fuse by 70.5% during the third quarter. Wells Fargo & Company MN now owns 9,840 shares of the electronics maker’s stock valued at $307,000 after acquiring an additional 4,070 shares during the period. Institutional investors own 61.92% of the company’s stock.
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About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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