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

Analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

Taitron Components stock opened at $2.61 on Wednesday. The stock has a market capitalization of $15.71 million, a price-to-earnings ratio of 11.35 and a beta of 0.47. Taitron Components has a 52-week low of $2.52 and a 52-week high of $3.34. The stock’s 50 day moving average price is $2.62 and its two-hundred day moving average price is $2.78.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is owned by institutional investors.

Taitron Components Company Profile

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.