Taitron Components (NASDAQ:TAIT) Coverage Initiated by Analysts at StockNews.com

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

Taitron Components Stock Up 0.8 %

Shares of TAIT stock opened at $2.65 on Friday. Taitron Components has a 52-week low of $2.52 and a 52-week high of $3.55. The stock has a market cap of $15.96 million, a PE ratio of 11.52 and a beta of 0.47. The business has a 50-day simple moving average of $2.70 and a 200-day simple moving average of $2.80.

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.