Bel Fuse (BELFB) Stock Rating Upgraded by BidaskClub
Bel Fuse (NASDAQ:BELFB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
Shares of Bel Fuse (NASDAQ BELFB) opened at $27.10 on Friday. The firm has a market cap of $326.07, a P/E ratio of 20.69 and a beta of 0.74. Bel Fuse has a 1-year low of $21.65 and a 1-year high of $33.60. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.
In other Bel Fuse news, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total transaction of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is currently owned by corporate insiders.
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About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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