Bel Fuse (NASDAQ:BELFA) Stock Passes Above 50-Day Moving Average of $11.44
Bel Fuse, Inc. (NASDAQ:BELFA) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.44 and traded as high as $12.50. Bel Fuse shares last traded at $12.50, with a volume of 900 shares.
Separately, ValuEngine raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th.
The stock has a fifty day moving average of $11.44 and a 200 day moving average of $16.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.23 and a quick ratio of 1.87. The firm has a market capitalization of $153.88 million, a P/E ratio of 8.70 and a beta of 2.01.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, October 14th.
In related news, Director Peter E. Gilbert purchased 5,000 shares of Bel Fuse stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $10.52 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the director now owns 23,750 shares in the company, valued at $249,850. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.53% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Bel Fuse stock. Vanguard Group Inc. boosted its position in Bel Fuse, Inc. (NASDAQ:BELFA) by 22.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,075 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,101 shares during the period. Vanguard Group Inc. owned 0.14% of Bel Fuse worth $251,000 as of its most recent SEC filing. 7.25% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Company Profile (NASDAQ:BELFA)
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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