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

Analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Trading Up 3.9 %

TAIT stock opened at $2.67 on Tuesday. The stock’s fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $2.85. The stock has a market cap of $16.07 million, a P/E ratio of 11.61 and a beta of 0.49. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.61.

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.