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

Bel Fuse Inc. (NASDAQ:BELFA) shares passed 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 changing hands.

Bel Fuse Stock Performance

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BELFA. BNP Paribas Financial Markets grew its stake in Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after acquiring an additional 1,790 shares during the period. MetLife Investment Management LLC grew its position in shares of Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 619 shares during the period. State Street Corp increased its stake in Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,876 shares in the last quarter. Barclays PLC raised its holdings in Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after buying an additional 1,701 shares during the period. Finally, Geode Capital Management LLC lifted 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 buying an additional 2,778 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

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.