Bel Fuse Inc. (NASDAQ: BELFB). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Bel Fuse Inc. (NASDAQ: BELFB): its shorter term price trend turned up.
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
With future capital returns forecasted to be above the cost of capital, BELFB is expected to continue to be a major Value Builder.
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 48 but a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Recent Price Action
Bel Fuse Inc. (NASDAQ: BELFB) stock closed at $51.75 on 11/6/23 after a modest decline of -0.9%. The stock has risen 0.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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