Bel Fuse Inc. (NASDAQ:BELFB – Get Rating) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 70,400 shares, an increase of 47.3% from the June 30th total of 47,800 shares. Based on an average daily trading volume, of 48,500 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.7% of the shares of the stock are short sold.
Bel Fuse Trading Down 1.0 %
NASDAQ:BELFB opened at $24.49 on Tuesday. The stock has a market cap of $306.61 million, a PE ratio of 8.44 and a beta of 1.64. Bel Fuse has a fifty-two week low of $11.58 and a fifty-two week high of $25.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.56. The stock’s 50-day moving average is $16.90 and its two-hundred day moving average is $16.06.
Bel Fuse Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Friday, July 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, July 14th. Bel Fuse’s dividend payout ratio is currently 9.66%.
Institutional Trading of Bel Fuse
Analysts Set New Price Targets
Separately, Needham & Company LLC boosted their target price on shares of Bel Fuse from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
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