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

Investment analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Taitron Components Trading Down 2.3 %

TAIT stock opened at $2.54 on Wednesday. Taitron Components has a twelve month low of $2.48 and a twelve month high of $3.30. The business has a 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.69. The company has a market capitalization of $15.29 million, a P/E ratio of 11.04 and a beta of 0.43.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to its most recent disclosure 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 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors.

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.