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

Investment analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Stock Performance

TAIT stock opened at $2.59 on Tuesday. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.34. The stock’s 50 day simple moving average is $2.64 and its 200 day simple moving average is $2.79. The company has a market cap of $15.59 million, a P/E ratio of 11.26 and a beta of 0.47.

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.