Bel Fuse Cl B saw an improvement in its IBD SmartSelect Composite Rating Monday, from 93 to 97.
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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Bel Fuse Cl B has now climbed above a proper buy zone after clearing the 92.61 entry in a consolidation.
One weak spot is the company's 75 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company reported -2% EPS growth. Top line growth climbed 26%, up from 19% in the prior report. The company has now posted rising growth in each of the last three quarters.
Bel Fuse Cl B holds the No. 3 rank among its peers in the Electronics-Parts industry group. Amphenol Cl A is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
