Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 107,200 shares, a growth of 52.9% from the May 31st total of 70,100 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 9.6 days. Currently, 6.7% of the shares of the stock are sold short.
Bel Fuse Price Performance
BELFA traded down $0.84 during midday trading on Friday, hitting $80.91. The stock had a trading volume of 242,649 shares, compared to its average volume of 18,812. The company has a market cap of $1.02 billion, a P/E ratio of 14.37 and a beta of 1.35. The business has a fifty day moving average of $77.14 and a 200 day moving average of $70.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. Bel Fuse has a 1 year low of $38.82 and a 1 year high of $85.91.
Bel Fuse (NASDAQ:BELFA – Get Free Report) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $128.09 million during the quarter. Bel Fuse had a return on equity of 24.29% and a net margin of 12.62%.
Bel Fuse Dividend Announcement
Institutional Trading of Bel Fuse
An institutional investor recently bought a new position in Bel Fuse stock. Brown Advisory Inc. acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 37,774 shares of the scientific and technical instruments company’s stock, valued at approximately $2,442,000. Brown Advisory Inc. owned about 0.30% of Bel Fuse as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 6.01% of the company’s stock.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.
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