BidaskClub Downgrades Bel Fuse (BELFB) to Sell
Bel Fuse (NASDAQ:BELFB) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Shares of Bel Fuse (NASDAQ:BELFB) traded down $0.65 during trading hours on Thursday, hitting $24.60. The company had a trading volume of 19,922 shares, compared to its average volume of 28,442. The company has a market cap of $290.24, a P/E ratio of 19.27 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 52 week low of $21.65 and a 52 week high of $33.60.
In other Bel Fuse news, insider Daniel Bernstein sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was 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 through this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. The disclosure for this sale can be found here. Corporate insiders own 8.84% of the company’s stock.
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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.
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