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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Taitron Components Price Performance

Shares of TAIT opened at $2.62 on Thursday. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.34. The company has a market capitalization of $15.77 million, a P/E ratio of 11.39 and a beta of 0.47. The firm’s 50 day simple moving average is $2.61 and its 200 day simple moving average is $2.77.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% 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.