Bel Fuse (NASDAQ:BELFB) Shares Pass Above 200-Day Moving Average of $13.18

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.18 and traded as high as $13.76. Bel Fuse shares last traded at $13.65, with a volume of 33,335 shares traded.

Separately, Litchfield Hills Research reaffirmed a “buy” rating on shares of Bel Fuse in a report on Tuesday, November 2nd.

The stock’s fifty day moving average is $13.03 and its 200-day moving average is $13.18. The stock has a market capitalization of $169.34 million, a PE ratio of 8.37 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.97 and a quick ratio of 1.76.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, October 28th. The electronics maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.20. Bel Fuse had a net margin of 3.97% and a return on equity of 7.40%. The firm had revenue of $146.97 million for the quarter. On average, analysts forecast that Bel Fuse Inc. will post 0.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, January 13th. Bel Fuse’s dividend payout ratio is presently 17.18%.

Large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY acquired a new position in Bel Fuse during the first quarter worth $84,000. Citigroup Inc. raised its position in shares of Bel Fuse by 370.8% in the second quarter. Citigroup Inc. now owns 4,925 shares of the electronics maker’s stock valued at $71,000 after buying an additional 3,879 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Bel Fuse in the third quarter valued at about $124,000. Quadrature Capital Ltd acquired a new stake in shares of Bel Fuse in the third quarter valued at about $127,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at about $128,000. Institutional investors own 51.27% of the company’s stock.

About Bel Fuse (NASDAQ:BELFB)

Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions; Power Solutions and Protection; Magnetic Solutions; and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.

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