Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – What’s Next?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-strong trading volume on Tuesday . Approximately 8,147 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 10,184 shares.The stock last traded at $81.94 and had previously closed at $81.91.

Bel Fuse Price Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 19.72 and a beta of 1.23. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $90.46 and its two-hundred day simple moving average is $92.74.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 4,248.8% in the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after buying an additional 66,027 shares during the period. State Street Corp lifted its position in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,876 shares during the period. Geode Capital Management LLC boosted its stake in Bel Fuse by 9.0% during the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after acquiring an additional 2,778 shares in the last quarter. Barclays PLC boosted its stake in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 1,701 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after purchasing an additional 1,790 shares during the period. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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.