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Research analysts at Northland Securities initiated coverage on shares of Bel Fuse, setting an “outperform” rating and a $83.00 price target on the stock. Several other brokerages also issued reports on BELFB, including Needham & Company LLC, which raised their target price to $70.00 and gave the company a “buy” rating. StockNews.com began coverage on Thursday, October 5th, issuing a “buy” rating for the company.

Bel Fuse stock opened at $61.15 on Thursday and has a 50 day moving average of $58.51 and a 200-day moving average of $53.42. The company has a current ratio of 3.08, a quick ratio of 1.90, and a debt-to-equity ratio of 0.19. Bel Fuse has a market capitalization of $781.50 million, a P/E ratio of 10.19 and a beta of 1.56. The electronics maker reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.36.

Bel Fuse last released its quarterly earnings data on October 25th, reporting $158.68 million in revenue for the quarter, a return on equity of 26.38%, and a net margin of 11.34%. The company is predicted to post 6.28 earnings per share for the current fiscal year, as estimated by sell-side analysts.

In the last 90 days, insiders at Bel Fuse have sold 7,000 shares of the company’s stock worth $403,285. It was reported that a number of hedge funds have recently added to their stakes in BELFB. BlackRock Inc., Loomis Sayles & Co. L P, State Street Corp, ArrowMark Colorado Holdings LLC, and Geode Capital Management LLC are just a few examples of the hedge funds currently owning 56.70% of the stock.

Bel Fuse Inc designs, manufactures, markets, and sells products used in various industries. This includes the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility sectors in the United States and internationally.

Before you consider Bel Fuse, it is important to stay informed on the best performing stocks and the ones top analysts are whispering to buy. The company currently has a “Buy” rating, but top-rated analysts believe there are other stocks that could be better buys.



Read more: Northland Securities Begins Coverage on Bel Fuse (NASDAQ:BELFB)