Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.54 on Tuesday. The firm’s fifty day moving average price is $2.58 and its 200 day moving average price is $2.71. Taitron Components has a 12 month low of $2.48 and a 12 month high of $3.30. The company has a market capitalization of $15.29 million, a price-to-earnings ratio of 11.04 and a beta of 0.43.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 currently owned by hedge funds and other institutional investors.

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.