StockNews.com Begins Coverage on Taitron Components (NASDAQ:TAIT)

Equities researchers at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Up 1.3 %

Shares of Taitron Components stock opened at $2.74 on Tuesday. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.61. The firm has a market capitalization of $16.49 million, a PE ratio of 11.78 and a beta of 0.49. The stock’s fifty day moving average is $2.84 and its 200-day moving average is $2.85.

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.