Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw strong trading volume on Tuesday . 8,147 shares were traded during mid-day trading, a decline of 20% from the previous session’s volume of 10,184 shares.The stock last traded at $81.94 and had previously closed at $81.91.

Bel Fuse Price Performance

The business has a fifty day moving average of $90.46 and a 200 day moving average of $92.74. The firm has a market cap of $1.02 billion, a P/E ratio of 19.72 and a beta of 1.23. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Bel Fuse

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

About Bel Fuse

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.