Bel Fuse (NASDAQ:BELFA) Share Price Passes Below 200 Day Moving Average – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.05 and traded as low as $70.61. Bel Fuse shares last traded at $72.06, with a volume of 4,964 shares trading hands.

Wall Street Analyst Weigh In

Separately, Craig Hallum set a $115.00 price objective on Bel Fuse and gave the stock a “buy” rating in a research report on Tuesday, March 25th.

Bel Fuse Price Performance

The stock has a market cap of $928.51 million, a price-to-earnings ratio of 23.96 and a beta of 0.99. The company’s 50 day moving average is $79.98 and its 200 day moving average is $90.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 7.77%.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 223 shares during the last quarter. MetLife Investment Management LLC grew its holdings in 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 valued at $109,000 after buying an additional 619 shares during the last quarter. Bank of America Corp DE grew its holdings in Bel Fuse by 41.8% during the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock valued at $148,000 after buying an additional 486 shares during the last quarter. BNP Paribas Financial Markets increased its position in Bel Fuse by 632.5% during the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 1,790 shares in the last quarter. Finally, Barclays PLC raised its holdings 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 worth $230,000 after acquiring an additional 1,701 shares during the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

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.