Bel Fuse (NASDAQ:BELFB) Shares Down 4.7% - Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) fell 4.7% during trading on Thursday . The stock traded as low as $75.19 and last traded at $75.19. 41,501 shares traded hands during trading, a decline of 55% from the average session volume of 92,776 shares. The stock had previously closed at $78.90.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BELFB. Needham & Company LLC boosted their price target on Bel Fuse from $68.00 to $79.00 and gave the company a "buy" rating in a report on Friday, July 26th. Northland Capmk upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, October 1st. Finally, StockNews.com raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a report on Thursday, August 1st.

Bel Fuse Stock Performance

The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $73.74 and its 200 day simple moving average is $67.70. The company has a market cap of $990.92 million, a price-to-earnings ratio of 13.22 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million for the quarter, compared to analysts' expectations of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, analysts anticipate that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Institutional Trading of Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse during the 2nd quarter worth approximately $25,000. Isthmus Partners LLC acquired a new position in Bel Fuse during the 2nd quarter worth $39,000. nVerses Capital LLC purchased a new stake in Bel Fuse during the 3rd quarter worth about $39,000. Comerica Bank raised its position in Bel Fuse by 223.7% in 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Bel Fuse in the 1st quarter valued at about $173,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

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.