Bel Fuse (BELFB) Rating Lowered to Strong Sell at BidaskClub
Bel Fuse (NASDAQ:BELFB) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Shares of Bel Fuse (BELFB) traded up $0.25 during mid-day trading on Friday, reaching $24.80. 18,496 shares of the company’s stock traded hands, compared to its average volume of 27,326. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $297.19, a price-to-earnings ratio of 24.31 and a beta of 0.76. Bel Fuse has a one year low of $21.65 and a one year high of $33.45.
In related news, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total value of $61,575.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction that occurred 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 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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