Bel Fuse (NASDAQ:BELFA) Announces Quarterly Earnings Results

Bel Fuse (NASDAQ:BELFA) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.87 by $0.59, Zacks reports. Bel Fuse had a net margin of 11.81% and a return on equity of 21.94%. The firm had revenue of $133.21 million for the quarter. Bel Fuse updated its Q3 2024 guidance to EPS.

Bel Fuse Price Performance

Bel Fuse stock traded up $0.68 during midday trading on Friday, hitting $90.12. The company’s stock had a trading volume of 3,959 shares, compared to its average volume of 12,105. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $81.42 and its 200-day moving average price is $73.23. Bel Fuse has a 12 month low of $38.82 and a 12 month high of $90.76. The company has a market capitalization of $1.14 billion, a PE ratio of 16.07 and a beta of 1.36.

About Bel Fuse

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.