Bel Fuse (NASDAQ:BELFB) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Other equities research analysts have also recently issued reports about the company. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Northland Securities upped their price objective on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB opened at $78.54 on Friday. The company has a market cap of $991.17 million, a P/E ratio of 13.22 and a beta of 1.34. Bel Fuse has a 52-week low of $43.60 and a 52-week high of $85.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The firm’s fifty day moving average is $74.03 and its two-hundred day moving average is $67.93.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the stock. Beach Investment Counsel Inc. PA bought a new stake in shares of Bel Fuse in the 2nd quarter worth about $25,000. nVerses Capital LLC purchased a new position in shares of Bel Fuse during the third quarter valued at approximately $39,000. Comerica Bank grew its stake in shares of Bel Fuse by 223.7% during 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 during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse in the third quarter worth approximately $200,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Bel Fuse during the 1st quarter worth approximately $173,000. 58.39% of the stock is owned by 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.