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

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

Taitron Components Stock Performance

TAIT stock opened at $2.82 on Friday. Taitron Components has a 12-month low of $2.57 and a 12-month high of $3.61. The stock has a market cap of $16.98 million, a price-to-earnings ratio of 10.85 and a beta of 0.49. The business’s 50-day moving average is $2.87 and its 200 day moving average is $2.90.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.22 million for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

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.