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

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

Taitron Components Trading Up 0.4 %

NASDAQ:TAIT opened at $2.57 on Friday. The firm has a fifty day simple moving average of $2.72 and a 200-day simple moving average of $2.80. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.55. The company has a market capitalization of $15.47 million, a P/E ratio of 11.17 and a beta of 0.47.

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.