Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Bel Fuse (BELFB) Stock Price
Press coverage about Bel Fuse (NASDAQ:BELFB) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bel Fuse earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 45.1877279676188 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Separately, BidaskClub raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research note on Saturday.
Shares of Bel Fuse (NASDAQ:BELFB) opened at $27.20 on Tuesday. The firm has a market cap of $326.07, a price-to-earnings ratio of 20.69 and a beta of 0.74. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. Bel Fuse has a 1-year low of $21.65 and a 1-year high of $33.60.
In other news, VP Dennis Ackerman sold 2,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total transaction of $73,830.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by 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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