Taitron Components (NASDAQ:TAIT) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of TAIT opened at $2.54 on Tuesday. Taitron Components has a fifty-two week low of $2.48 and a fifty-two week high of $3.30. The firm has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.71. The company has a market capitalization of $15.29 million, a price-to-earnings ratio of 11.04 and a beta of 0.43.

Institutional Investors Weigh In On Taitron Components

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

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.