Bel Fuse (NASDAQ:BELFB) Rating Lowered to Strong Sell at Zacks Research

Bel Fuse (NASDAQ:BELFB) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Northland Securities set a $321.00 price objective on Bel Fuse in a report on Monday, May 4th. Needham & Company LLC upped their target price on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $319.80.

Bel Fuse Price Performance

BELFB stock opened at $251.53 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The company’s 50-day moving average is $281.56 and its 200-day moving average is $235.34. The stock has a market capitalization of $3.20 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 2.73 and a beta of 1.68. Bel Fuse has a 1 year low of $95.45 and a 1 year high of $335.29.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BELFB. PNC Financial Services Group Inc. boosted its position in shares of Bel Fuse by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after buying an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Bel Fuse by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock valued at $947,000 after acquiring an additional 50 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after acquiring an additional 79 shares in the last quarter. PFG Advisors boosted its holdings in Bel Fuse by 1.3% during the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after acquiring an additional 84 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Bel Fuse by 0.9% during the 1st quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock worth $2,049,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.