Taitron Components (NASDAQ:TAIT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Taitron Components Price Performance

Taitron Components stock opened at $2.64 on Thursday. The firm has a market capitalization of $15.86 million, a P/E ratio of 11.46 and a beta of 0.47. Taitron Components has a one year low of $2.52 and a one year high of $3.34. The business has a fifty day moving average price of $2.61 and a 200-day moving average price of $2.77.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 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.