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

Equities researchers 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.

Separately, TheStreet cut Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th.

Taitron Components Trading Down 0.9 %

NASDAQ TAIT opened at $3.15 on Tuesday. The stock’s 50 day moving average is $3.22 and its 200 day moving average is $3.34. Taitron Components has a 12 month low of $3.05 and a 12 month high of $4.32. The stock has a market cap of $18.97 million, a PE ratio of 9.84 and a beta of 0.85.

Institutional Trading of Taitron Components

Large investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in Taitron Components in the 3rd quarter valued at $41,000. Dimensional Fund Advisors LP grew its position in Taitron Components by 13.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,232 shares of the company’s stock valued at $148,000 after acquiring an additional 4,668 shares during the last quarter. Vanguard Group Inc. grew its position in Taitron Components by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after acquiring an additional 14,154 shares during the last quarter. Significant Wealth Partners LLC bought a new position in Taitron Components in the 4th quarter valued at $637,000. Finally, Renaissance Technologies LLC grew its position in Taitron Components by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after acquiring an additional 15,756 shares during the last quarter. Institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.