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

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

Taitron Components Stock Performance

Shares of TAIT stock opened at $2.58 on Wednesday. The stock has a market capitalization of $15.53 million, a price-to-earnings ratio of 11.22 and a beta of 0.43. Taitron Components has a one year low of $2.48 and a one year high of $3.30. The company’s 50-day simple moving average is $2.58 and its 200-day simple moving average is $2.69.

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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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). Institutional investors own 18.09% of the company’s stock.

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.