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

Equities researchers at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

Taitron Components Stock Up 0.9 %

TAIT stock opened at $2.19 on Friday. The business’s 50-day moving average price is $2.51 and its 200-day moving average price is $2.64. The stock has a market cap of $13.19 million, a P/E ratio of 9.52 and a beta of 0.38. Taitron Components has a twelve month low of $2.16 and a twelve month high of $3.22.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent reporting period. Hedge funds and other 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.