Bel Fuse (NASDAQ:BELFA) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Shares of Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) crossed 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 traded.

Analysts Set New Price Targets

Separately, Craig Hallum set a $115.00 price target on shares of Bel Fuse and gave the stock a "buy" rating in a report on Tuesday, March 25th.

Bel Fuse Stock Performance

The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average is $78.94 and its 200 day moving average is $90.40. The stock has a market capitalization of $744.32 million, a price-to-earnings ratio of 19.21 and a beta of 0.99.

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

Bel Fuse Dividend Announcement

The firm also recently declared 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 0.40%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is 7.77%.

Remove Ads

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased 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 worth $97,000 after acquiring an additional 223 shares in the last quarter. Barclays PLC raised its position in Bel Fuse by 13.5% in the fourth quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock valued at $237,000 after purchasing an additional 312 shares during the period. Northern Trust Corp lifted its stake in shares of Bel Fuse by 1.9% during the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock worth $1,586,000 after purchasing an additional 323 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Bel Fuse by 41.8% in the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after buying an additional 486 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Bel Fuse by 129.2% in the third 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 in the last quarter. 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.