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

Research analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

Taitron Components stock opened at $2.79 on Monday. The company’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.87. The stock has a market capitalization of $16.80 million, a P/E ratio of 12.13 and a beta of 0.49. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.61.

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.