Bel Fuse Inc. (NASDAQ:BELFA) Stock Traded Above Its 50 Day Average


The stock last traded at $28.70 which is slightly above the 50 day moving average of $26.13 and significantly higher than the 200 day moving average of $22.82. The 50 day moving average went up by +9.84% and the 200 day average went up by +25.76%. 6 shares changed hands in the last trading session. Trading volume was down 98.54% under the stocks average daily volume.

Traders are a little more bullish on the company lately as evidenced by the motion in short interest. The firm had a fall in short interest of -59.33% as of the latest report on September 29, 2017. Short shares decreased 712 over that timeframe. With short interest at 488 and short average daily volume at 1,440, days to cover is 0.0 and the short interest percentage is 0.00% as of September 29.

These funds have shifted positions in (BELFA). As of the end of the quarter Fmr LLC had sold a total of 9,694 shares trimming its position 8.7%. The value of the investment in Bel Fuse Inc. decreased from $2,458,000 to $2,112,000 a change of $346,000 for the reporting period. Gamco Investors, Inc. Et Al added to its ownership by buying 500 shares an increase of 0.2% as of 06/30/2017. Gamco Investors, Inc. Et Al now controls 234,600 shares worth $4,856,000. The total value of its holdings decreased 8.5%.

As of quarter end Css LLC/il had disposed of 12,226 shares trimming its stake by 16.3%. The value of the investment in (BELFA) went from $1,697,000 to $1,296,000 decreasing 23.6% quarter to quarter. As of quarter end Cutler Group LP had bought 200 shares growing its holdings by 1,818.2%. The value of the total investment in Bel Fuse Inc. went from $0 to $5,000 a change of inf% quarter over quarter.

The company is so far trading unchanged by 0.00% percent from yesterday’s close. Additionally the company recently announced a dividend that will be paid on Wednesday November 1st, 2017. The dividend payment will be $0.060 per share for the quarter or $0.24 annualized. This dividend amount will represent a yield of $0.84. The ex-dividend date will be Thursday October 12th, 2017.

Bel Fuse Inc. currently has a P/E ratio of 20.30 and the market value is 345.63M.

Bel Fuse Inc. (Bel), launched on May 20, 1905, designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Business’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Business’s operating segments are North America, Asia and Europe. The Company markets magnetic solutions under the brand names, including Bel, TRP, MagJack and Signal. The Company markets power solutions and protection under the brand names, which include Bel Power Solutions, Power-One and Melcher. The Company markets connectivity solutions under the brand names Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex and Stewart Connector. The Business’s products are used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s portfolio of products has application in the automotive, medical and consumer electronics markets..