Bel Fuse (NASDAQ:BELFA – Get Free Report) issued its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.59, Zacks reports. The business had revenue of $133.21 million for the quarter. Bel Fuse had a net margin of 11.81% and a return on equity of 21.94%. Bel Fuse updated its Q3 2024 guidance to EPS.
Bel Fuse Price Performance
Shares of BELFA traded up $0.68 during trading hours on Friday, reaching $90.12. 3,959 shares of the stock traded hands, compared to its average volume of 12,105. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. Bel Fuse has a 52-week low of $38.82 and a 52-week high of $90.76. The company’s 50-day moving average price is $81.42 and its two-hundred day moving average price is $73.23. The company has a market cap of $1.14 billion, a P/E ratio of 16.07 and a beta of 1.36.
About Bel Fuse
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