BDC Stock Summary and Trading Ideas (Belden | NYSE:BDC)

Belden Inc provides signal transmission products to distributors, end-users, installers, and original equipment manufacturers. The firm operates in two segments - Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment is a provider in network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The Industrial Solutions segment is a provider of high-performance networking components and machine connectivity products. It operates in Americas, EMEA and APAC, out of which maximum revenue from Americas.

Belden trades on the NYSE stock market under the symbol BDC.

As of April 25, 2024, BDC stock price declined to $82.57 with 70,865 million shares trading.

BDC has a beta of 0.75, meaning it tends to be less sensitive to market movements. BDC has a correlation of 0.05 to the broad based SPY ETF.

BDC has a market cap of $3.39 billion. This is considered a Mid Cap stock.

Last quarter Belden reported $551 million in Revenue and $1.46 earnings per share. This beat revenue expectation by $29 million and exceeded earnings estimates by $.33.

In the last 3 years, BDC stock traded as high as $99.13 and as low as $42.06.

The top ETF exchange traded funds that BDC belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

BDC has underperformed the market in the last year with a price return of +4.0% while the SPY ETF gained +22.9%. However, in the short term, BDC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +3.4% return in SPY. But in the last 2 weeks, BDC shares have been beat by the market, returning -5.1% compared to an SPY return of -2.7%.

BDC support price is $81.84 and resistance is $84.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BDC stock will trade within this expected range on the day.