Bel Fuse (NASDAQ:BELFB) Downgraded by StockNews.com to “Buy”

Bel Fuse (NASDAQ:BELFB) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

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

Bel Fuse Trading Down 1.7 %

Bel Fuse stock opened at $74.15 on Friday. Bel Fuse has a one year low of $45.74 and a one year high of $85.91. 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 stock has a market cap of $930.58 million, a PE ratio of 17.01 and a beta of 1.34. The stock has a 50-day moving average of $74.97 and a two-hundred day moving average of $68.30.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA bought a new position in shares of Bel Fuse during the 2nd quarter valued at $25,000. nVerses Capital LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth about $39,000. Comerica Bank grew its holdings in Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse during the third quarter valued at $200,000. Finally, One Wealth Advisors LLC bought a new stake in Bel Fuse during the 3rd quarter valued at $227,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

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.