Bel Fuse (NASDAQ:BELFA) Stock Rating Reaffirmed by Needham & Company LLC

Bel Fuse (NASDAQ:BELFA)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, reports. They presently have a $19.00 price target on the scientific and technical instruments company’s stock. Needham & Company LLC’s target price suggests a potential upside of 40.43% from the stock’s previous close.

Separately, ValuEngine upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th.

BELFA stock traded down $0.88 during trading on Tuesday, hitting $13.53. 4,900 shares of the company traded hands, compared to its average volume of 7,035. Bel Fuse has a 1 year low of $9.10 and a 1 year high of $23.24. The company has a market cap of $176.23 million, a PE ratio of 18.11 and a beta of 2.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.21 and a quick ratio of 1.94. The stock’s 50-day simple moving average is $12.99 and its 200 day simple moving average is $14.14.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.25. Bel Fuse had a return on equity of 5.83% and a net margin of 0.31%. The company had revenue of $124.48 million for the quarter.

An institutional investor recently raised its position in Bel Fuse stock. Vanguard Group Inc. raised its holdings in shares of Bel Fuse, Inc. (NASDAQ:BELFA) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,075 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,101 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of Bel Fuse worth $251,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.09% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

Further Reading: Depreciation

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