Zacks Research Downgrades Bel Fuse (NASDAQ:BELFB) to Strong Sell

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

Several other brokerages have also recently weighed in on BELFB. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 target price on the stock. Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Robert W. Baird set a $293.00 price objective on Bel Fuse in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bel Fuse has an average rating of “Moderate Buy” and an average price target of $319.80.

Bel Fuse Stock Down 9.3%

Shares of NASDAQ BELFB opened at $251.53 on Monday. The company has a 50 day simple moving average of $281.56 and a 200 day simple moving average of $235.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. Bel Fuse has a 1 year low of $95.45 and a 1 year high of $335.29. The firm has a market cap 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. State of Wyoming acquired a new position in Bel Fuse in the first quarter valued at approximately $30,000. KBC Group NV acquired a new position in Bel Fuse in the first quarter valued at approximately $38,000. Kemnay Advisory Services Inc. bought a new position in shares of Bel Fuse during the 4th quarter worth approximately $33,000. Finally, Signature Equity Partners LLC acquired a new stake in shares of Bel Fuse during the 1st quarter worth approximately $39,000. 58.39% of the stock is owned by institutional investors.

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.