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

Equities researchers at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued on Sunday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

Taitron Components stock opened at $2.62 on Friday. The firm has a market cap of $15.78 million, a PE ratio of 11.39 and a beta of 0.47. The firm’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $2.74. Taitron Components has a twelve month low of $2.52 and a twelve month high of $3.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 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.