Bel Fuse Inc. (NASDAQ: BELFB) has reported earnings for its first fiscal quarter (ending March 31) of $1.25 versus $1.14 for the same period a year ago. E.P.S. were $5.88 for the latest four quarters through March 31 versus $4.94 for the same period a year ago.
Recent Price Action
Bel Fuse Inc. (NASDAQ: BELFB) stock closed at $60.78 on 4/25/24 after a slight gain of 0.1%. Trading volume in this advance was normal. The stock has risen 7.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BELFB is expected to continue to be an important Value Builder.
Bel Fuse has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bel Fuse has a neutral Appreciation Score of 43 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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