Stock analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.
Taitron Components Stock Down 0.9 %
Shares of Taitron Components stock opened at $2.20 on Friday. The firm has a market cap of $13.25 million, a price-to-earnings ratio of 9.57 and a beta of 0.38. The company’s 50-day simple moving average is $2.46 and its 200-day simple moving average is $2.62. Taitron Components has a 52-week low of $2.16 and a 52-week high of $3.21.
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 stake in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors and hedge funds.
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.
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