Bel Fuse Inc. (NASDAQ: BELFB) has benefited from notable positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Bel Fuse Inc. (NASDAQ: BELFB): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BELFB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Bel Fuse has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bel Fuse has a neutral Appreciation Score of 49 but a very high Power Rating of 99, and the Highest Value Trend Rating results.
Recent Price Action
On 12/4/23, Bel Fuse Inc. (NASDAQ: BELFB) stock rose slightly by 0.2%, closing at $56.06. However, this advance was accompanied by unusually low trading volume at 58% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
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