Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

Bel Fuse (NASDAQ:BELFBGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Several other brokerages have also recently issued reports on BELFB. Northland Securities boosted their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC raised their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Read Our Latest Stock Report on BELFB

Bel Fuse Stock Performance

Bel Fuse stock opened at $74.15 on Friday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The firm has a market cap of $930.58 million, a P/E ratio of 17.01 and a beta of 1.35. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $85.91. The firm has a 50-day moving average of $75.13 and a 200-day moving average of $68.56.

Institutional Trading of Bel Fuse

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Bel Fuse in the first quarter worth approximately $1,532,000. Truvestments Capital LLC bought a new position in Bel Fuse in the 1st quarter worth $407,000. Allspring Global Investments Holdings LLC lifted its position in Bel Fuse by 1,036.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock valued at $922,000 after purchasing an additional 13,943 shares in the last quarter. Tectonic Advisors LLC lifted its position in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after purchasing an additional 7,922 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Bel Fuse by 8.2% during the first quarter. Empowered Funds LLC now owns 18,560 shares of the electronics maker’s stock valued at $1,119,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

About Bel Fuse

(Get Free Report)

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.

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