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Shares of BELFB Down 51.4% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Bel Fuse Inc-B (NASDAQ:BELFB) on May 2nd, 2019 at $22.45. In approximately 3 months, Bel Fuse Inc-B has returned 51.40% as of today's recent price of $10.91.

Bel Fuse Inc-B share prices have moved between a 52-week high of $29.00 and a 52-week low of $10.35 and are now trading 5% above that low price at $10.91 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 2.3%.

Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Bel Fuse Inc-B.

Log in and add Bel Fuse Inc-B (BELFB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights bel fuse inc-b

Ticker(s): BELFB