The stock of Bel Fuse, Inc. (NASDAQ:BELFA) hit a new 52-week high and has $42.55 target or 97.00% above today’s $21.60 share price. The 7 months bullish chart indicates low risk for the $319.03M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $42.55 price target is reached, the company will be worth $309.46M 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 16,395 shares traded hands or 664.69% up from the average. Bel Fuse, Inc. (NASDAQ:BELFA) has risen 63.67% since April 7, 2016 and is uptrending. It has outperformed by 58.89% 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. They operate facilities in the United States, Europe and the Far East.”
Another recent and important Bel Fuse, Inc. (NASDAQ:BELFA) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011.
BELFA 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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