Bel Fuse (NASDAQ:BELFA) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS
Bel Fuse (NASDAQ:BELFA) posted its earnings results on Sunday. The scientific and technical instruments company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.25), MarketWatch Earnings reports. Bel Fuse had a net margin of 0.62% and a return on equity of 3.50%.
Shares of BELFA traded down $0.48 during mid-day trading on Tuesday, reaching $17.45. 2,089 shares of the company were exchanged, compared to its average volume of 2,618. Bel Fuse has a 52 week low of $7.11 and a 52 week high of $22.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.02 and a current ratio of 3.17. The stock has a market capitalization of $215.66 million, a PE ratio of 89.65 and a beta of 1.98. The business has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $15.20.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Thursday, April 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, April 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%.
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, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
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