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

Research analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.

Taitron Components Trading Down 1.1 %

Shares of TAIT opened at $2.65 on Wednesday. The stock has a market cap of $15.95 million, a P/E ratio of 9.46 and a beta of 0.54. Taitron Components has a 1 year low of $2.62 and a 1 year high of $4.25. The stock’s 50-day moving average price is $3.02 and its two-hundred day moving average price is $3.18.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Wednesday, May 15th. The company reported $0.09 EPS for the quarter. The firm had revenue of $0.96 million during the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Significant Wealth Partners LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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. 18.09% of the stock is owned by hedge funds and other institutional investors.

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.