The stock of Bel Fuse, Inc. (NASDAQ:BELFB) hit a new 52-week high and has $73.07 target or 186.00% above today’s $25.55 share price. The 7 months bullish chart indicates low risk for the $294.10 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $73.07 price target is reached, the company will be worth $547.03M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,512 shares traded hands or 8.32% up from the average. Bel Fuse, Inc. (NASDAQ:BELFB) has risen 83.72% since April 5, 2016 and is uptrending. It has outperformed by 81.76% the S&P500.
According to Zacks Investment Research, “Bel Fuse Inc. is engaged in the design, manufacture and sale of products used in networking, telecommunication, automotive and consumer electronic applications. The Company operates facilities in the United States, Europe and the Far East.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 1.07, from 2.13 in 2016Q1. The ratio turned negative, as 7 funds sold all Bel Fuse, Inc. shares owned while 28 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 6.12 million shares or 0.80% more from 6.07 million shares in 2016Q1.
New York State Teachers Retirement Sys last reported 34,902 shares in the company. Manufacturers Life Insur Company The has invested 0% of its portfolio in Bel Fuse, Inc. (NASDAQ:BELFB). Blackrock Invest Mgmt Ltd Liability holds 0% or 44,992 shares in its portfolio. Pnc Fin Group reported 16,820 shares or 0% of all its holdings. Axa has invested 0% of its portfolio in Bel Fuse, Inc. (NASDAQ:BELFB). Pinebridge Investments Lp accumulated 1,039 shares or 0% of the stock. Cornerstone Mngmt Holdg Ltd Liability holds 0.01% or 56,867 shares in its portfolio. Wall Street Assoc holds 0.65% or 90,909 shares in its portfolio. Numeric Invsts Ltd Co reported 99,182 shares or 0.02% of all its holdings. Legal General Plc, a United Kingdom-based fund reported 1,816 shares. Invsts Asset Management Of Georgia Ga Adv last reported 12,675 shares in the company. Creative Planning reported 862 shares or 0% of all its holdings. Geode Mngmt Limited Liability Co holds 69,420 shares or 0% of its portfolio. Lsv Asset Management reported 391,294 shares or 0.01% of all its holdings. Perritt Capital Mngmt Inc accumulated 100,966 shares or 0.47% of the stock.
More news for Bel Fuse, Inc. (NASDAQ:BELFB) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Nasdaq.com‘s article titled: “Bel Fuse Inc. (BELFB) Ex-Dividend Date Scheduled for October 12, 2016” and published on October 11, 2016 is yet another important article.
BELFB Company Profile
Bel Fuse Inc. (Bel), incorporated on May 20, 1905, designs, makes 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 divisions are North America, Asia and Europe. The Firm markets magnetic solutions under the brand names, including Bel, TRP, MagJack and Signal. The Firm markets power solutions and protection under the brand names, which include Bel Power Solutions, Power-One and Melcher. The Firm markets connectivity solutions under the brand names Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex and Stewart Connector. The Company’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.
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