Shares of BELFB are trading 24% higher today. Lets find out what's happening:

Shares of Bel Fuse Inc Cl B (BELFB) are trading 24% higher at a price of $23.8 at the time of this writing.

1. Bel Fuse stock is moving up because it reported better-than-expected earnings for the second quarter of 2022.
2. The company also announced that it will be paying out a dividend and raising its stock price by 15%.

Bel Fuse Inc Cl B has been trading between a 52-week high of $20.47 and a 52-week low of $11.28. The stock has a market cap of $312 Million.