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

Equities research analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAITGet Free Report) in a report released on Monday. The brokerage set a “hold” rating on the stock.

Separately, TheStreet downgraded Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th.

View Our Latest Analysis on TAIT

Taitron Components Stock Performance

NASDAQ TAIT opened at $2.90 on Monday. Taitron Components has a one year low of $2.87 and a one year high of $4.32. The stock has a 50-day moving average of $3.11 and a 200 day moving average of $3.23. The company has a market capitalization of $17.46 million, a price-to-earnings ratio of 10.36 and a beta of 0.54.

Taitron Components (NASDAQ:TAITGet Free Report) last released its quarterly earnings data on Monday, April 1st. The company reported $0.03 EPS for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The company had revenue of $0.97 million during the quarter.

Institutional Investors Weigh In On Taitron Components

A number of large investors have recently made changes to their positions in the company. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components during the 1st quarter valued at about $851,000. Significant Wealth Partners LLC bought a new stake in shares of Taitron Components during the 4th quarter valued at about $637,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Taitron Components during the 3rd quarter valued at about $41,000. 18.09% of the stock is currently owned by institutional investors.

Taitron Components Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Taitron Components Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taitron Components and related companies with MarketBeat.com's FREE daily email newsletter.