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

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of TAIT stock opened at $2.48 on Tuesday. Taitron Components has a fifty-two week low of $2.48 and a fifty-two week high of $3.30. The stock has a 50 day simple moving average of $2.58 and a two-hundred day simple moving average of $2.70. The company has a market cap of $14.93 million, a P/E ratio of 10.78 and a beta of 0.43.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by institutional investors and hedge funds.

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.