Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Thursday . 16,019 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 8,866 shares.The stock last traded at $89.81 and had previously closed at $88.61.

Bel Fuse Trading Down 1.1 %

The company has a fifty day simple moving average of $93.01 and a two-hundred day simple moving average of $92.55. The stock has a market capitalization of $1.10 billion, a P/E ratio of 21.22 and a beta of 1.25. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after purchasing an additional 66,027 shares during the period. Geode Capital Management LLC raised 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 during the period. State Street Corp lifted its position in shares of Bel Fuse by 12.9% in the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after buying an additional 2,876 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Bel Fuse during the 2nd quarter worth approximately $444,000. Finally, Barclays PLC increased its holdings in shares of 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 acquiring an additional 1,701 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.