Taitron Components (NASDAQ:TAIT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Taitron Components Trading Up 1.5 %

Shares of TAIT opened at $2.66 on Thursday. Taitron Components has a twelve month low of $2.57 and a twelve month high of $4.19. The stock’s 50 day moving average is $2.96 and its two-hundred day moving average is $3.16. The firm has a market capitalization of $16.01 million, a PE ratio of 9.50 and a beta of 0.54.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.09 earnings per share for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The company had revenue of $0.96 million for the quarter.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Significant Wealth Partners LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned approximately 3.03% of Taitron Components at the end of the most recent reporting period. Institutional investors own 18.09% of the company’s stock.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.