Bel Fuse Inc. (BELFA) Stock Rating Upgraded by TheStreet

Bel Fuse Inc. (NASDAQ:BELFA) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Bel Fuse (NASDAQ:BELFA) opened at 19.83 on Wednesday. The stock has a 50 day moving average of $18.89 and a 200 day moving average of $16.05. Bel Fuse has a 12-month low of $9.69 and a 12-month high of $21.80. The company’s market cap is $236.73 million.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Wednesday, July 27th. The company reported $0.43 earnings per share (EPS) for the quarter. Bel Fuse had a negative net margin of 13.26% and a positive return on equity of 9.12%. Equities analysts expect that Bel Fuse will post $1.50 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, October 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 12th. Bel Fuse’s dividend payout ratio is currently -4.18%.

Bel Fuse Company Profile

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.

5 Day Chart for NASDAQ:BELFA

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