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

Stock analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Taitron Components Price Performance

Shares of TAIT opened at $2.89 on Thursday. The company has a 50-day moving average of $2.88 and a two-hundred day moving average of $2.92. The stock has a market cap of $17.40 million, a price-to-earnings ratio of 10.32 and a beta of 0.48. Taitron Components has a one year low of $2.57 and a one year high of $3.65.

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

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components as of its most recent SEC filing. 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.