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

Stock analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Friday. The firm set a “hold” rating on the stock.

Taitron Components Stock Up 0.8 %

TAIT opened at $2.59 on Friday. The business’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $2.81. Taitron Components has a 52 week low of $2.52 and a 52 week high of $3.61. The stock has a market cap of $15.59 million, a PE ratio of 11.26 and a beta of 0.47.

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.