StockNews.com Begins Coverage on Taitron Components (NASDAQ:TAIT)

Analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Taitron Components Price Performance

Shares of NASDAQ TAIT opened at $2.93 on Friday. The company has a 50 day simple moving average of $2.83 and a 200 day simple moving average of $3.01. The firm has a market cap of $17.64 million, a PE ratio of 10.46 and a beta of 0.50. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.73.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is owned by hedge funds and other institutional investors.

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.