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

Analysts at StockNews.com started 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

TAIT stock opened at $2.64 on Wednesday. The company has a market capitalization of $15.89 million, a P/E ratio of 11.47 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 business has a 50-day simple moving average of $2.62 and a two-hundred day simple moving average of $2.78.

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.