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

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

Taitron Components Price Performance

Shares of Taitron Components stock opened at $2.56 on Friday. The stock has a market capitalization of $15.41 million, a P/E ratio of 11.13 and a beta of 0.47. Taitron Components has a one year low of $2.52 and a one year high of $3.32. The business’s 50 day simple moving average is $2.60 and its two-hundred day simple moving average is $2.74.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. 18.09% of the stock is currently 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.