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

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-strong trading volume on Thursday . Approximately 16,019 shares were traded during trading, an increase of 81% from the previous session’s volume of 8,866 shares.The stock last traded at $89.81 and had previously closed at $88.61.

Bel Fuse Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market capitalization of $1.10 billion, a P/E ratio of 21.22 and a beta of 1.25. The business’s 50-day moving average is $93.01 and its 200 day moving average is $92.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BELFA. JPMorgan Chase & Co. grew its holdings in 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 worth $6,720,000 after acquiring an additional 66,027 shares during the period. Barclays PLC increased its holdings in 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 worth $230,000 after purchasing an additional 1,701 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $3,351,000 after buying an additional 2,778 shares during the period. State Street Corp boosted its holdings in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after buying an additional 2,876 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Bel Fuse by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds 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.