Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Up 3.1 %

NASDAQ TAIT opened at $2.62 on Friday. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.32. The company has a market capitalization of $15.78 million, a PE ratio of 11.39 and a beta of 0.47. The firm’s 50 day moving average is $2.60 and its 200-day moving average is $2.74.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is owned by institutional investors and hedge funds.

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.