Bel Fuse (NASDAQ:BELFA) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFA)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $92.69 and traded as low as $88.00. Bel Fuse shares last traded at $89.82, with a volume of 17,790 shares traded.

Bel Fuse Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 21.75 and a beta of 1.25. The business’s 50 day moving average is $92.43 and its 200 day moving average is $92.69.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Bel Fuse by 4,248.8% during the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock worth $6,720,000 after buying an additional 66,027 shares in the last quarter. State Street Corp raised its position in shares of Bel Fuse by 12.9% in the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,876 shares during the period. Geode Capital Management LLC raised its position in shares of Bel Fuse by 9.0% in the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after acquiring an additional 2,778 shares during the period. Barclays PLC boosted its stake in shares of Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 1,701 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Bel Fuse by 632.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after acquiring an additional 1,790 shares during the period. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.