Bel Fuse Inc. (NASDAQ:BELFA) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Bel Fuse (NASDAQ:BELFA) opened at 19.83 on Wednesday. The company’s market capitalization is $236.73 million. Bel Fuse has a 12 month low of $9.69 and a 12 month high of $21.80. The company’s 50-day moving average price is $18.89 and its 200 day moving average price is $16.05.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Wednesday, July 27th. The company reported $0.43 earnings per share (EPS) for the quarter. Bel Fuse had a negative net margin of 13.26% and a positive return on equity of 9.12%. Analysts forecast that Bel Fuse will post $1.50 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. Bel Fuse’s payout ratio is currently -4.18%.

Bel Fuse Company Profile

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.

5 Day Chart for NASDAQ:BELFA

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