Shares of Bel Fuse (Nasdaq:BELFB) have taken a tremendous swing upward. The stock is trading at $16.43 as of 3:50 p.m. ET, 20.7% above Monday's closing price of $13.61. Volume is at 13,341, 0.4 times the daily average of 31,600.
NEW YORK ( TheStreet) -- Shares of Bel Fuse (Nasdaq: BELFB) have taken a tremendous swing upward. The stock is trading at $16.43 as of 3:50 p.m. ET, 20.7% above Monday's closing price of $13.61. Volume is at 13,341, 0.4 times the daily average of 31,600. Bel Fuse has a market cap of $150.4 million and is part of the technology sector and electronics industry. Shares are down 34.8% year to date as of the close of trading on Monday. Bel Fuse Inc. engages in the design, manufacture, and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics in North America, Europe, and Asia. The company has a P/E ratio of 15.6, below the average electronics industry P/E ratio of 15.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Bel Fuse as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Bel Fuse Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.