Bel Fuse (NASDAQ:BELFA) Shares Cross Below 200 Day Moving Average – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $92.69 and traded as low as $88.00. Bel Fuse shares last traded at $89.82, with a volume of 17,790 shares traded.

Bel Fuse Stock Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 20.00 and a beta of 1.25. The stock has a 50-day moving average of $92.16 and a 200-day moving average of $92.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 632.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 1,790 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Bel Fuse by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 619 shares during the last quarter. State Street Corp raised its holdings in Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,876 shares in the last quarter. Barclays PLC boosted its position in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Bel Fuse by 9.0% in the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock valued at $3,351,000 after purchasing an additional 2,778 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.