Bel Fuse (NASDAQ:BELFB) Share Price Passes Above Two Hundred Day Moving Average of $62.82

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.82 and traded as high as $65.95. Bel Fuse shares last traded at $65.24, with a volume of 365,611 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC dropped their price target on Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, April 29th. StockNews.com upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Northland Securities cut Bel Fuse from an "outperform" rating to a "market perform" rating and set a $63.00 price target for the company. in a research report on Thursday, May 2nd.

Bel Fuse Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. The firm has a market cap of $823.33 million, a price-to-earnings ratio of 10.98 and a beta of 1.39. The firm has a 50-day moving average price of $64.04 and a two-hundred day moving average price of $62.83.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.04 by $0.22. The company had revenue of $128.09 million for the quarter, compared to analyst estimates of $128.47 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. On average, sell-side analysts forecast that Bel Fuse Inc. will post 4.39 earnings per share for the current year.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.07 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. Bel Fuse's dividend payout ratio (DPR) is currently 4.71%.

Institutional Trading of Bel Fuse

A number of institutional investors have recently modified their holdings of BELFB. Comerica Bank boosted its stake in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker's stock valued at $45,000 after buying an additional 510 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Bel Fuse during the third quarter worth $48,000. New York State Teachers Retirement System boosted its position in Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock worth $57,000 after purchasing an additional 747 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in Bel Fuse during the third quarter worth $59,000. Finally, AJOVista LLC purchased a new stake in Bel Fuse during the fourth quarter worth $73,000. 58.39% 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 are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.