Needham & Company Maintains a 'Hold' on Bel Fuse (BELFB); Mix & Market Challenges Continue

Needham & Company maintains a 'Hold' on Bel Fuse (NASDAQ: BELFB).

Needham analyst says, "BELFB continues to see challenging conditions in most of its end markets while strength in the only healthy segment (Modules) is creating further margin pressures. While we do not expect material downside from current business levels, we do expect BELFB may track marginally above profitability until broader conditions improve...Lowering estimates again on demand trends. Our prior 4Q est. of $75M & $0.15 now $69M & B/E non-GAAP. For ‘12, now $308M & $0.45, vs. $319M & $0.97."

For more ratings news on Bel Fuse click here and for the rating history of Bel Fuse click here.

Shares of Bel Fuse closed at $18.46 yesterday.

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