Stock analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT – Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.
Taitron Components Stock Performance
TAIT opened at $2.50 on Monday. The business’s 50 day moving average is $2.59 and its 200-day moving average is $2.72. The stock has a market cap of $15.05 million, a PE ratio of 10.87 and a beta of 0.43. Taitron Components has a twelve month low of $2.50 and a twelve month high of $3.30.
Institutional Investors Weigh In On Taitron Components
An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. 18.09% of the stock is currently 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.
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