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

Investment analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued to clients and 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 research report on Wednesday, February 7th.

Taitron Components Price Performance

Taitron Components stock opened at $3.13 on Tuesday. The stock has a market capitalization of $18.84 million, a PE ratio of 9.78 and a beta of 0.85. Taitron Components has a 12 month low of $3.05 and a 12 month high of $4.32. The business has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.34.

Institutional Trading of Taitron Components

Several large investors have recently made changes to their positions in the company. Significant Wealth Partners LLC purchased a new stake in shares of Taitron Components during the fourth quarter worth approximately $637,000. Vanguard Group Inc. increased its position in shares of Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after purchasing an additional 14,154 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Taitron Components during the third quarter worth approximately $41,000. Renaissance Technologies LLC increased its position in shares of Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock worth $1,321,000 after purchasing an additional 15,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Taitron Components by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock worth $152,000 after purchasing an additional 2,979 shares in the last quarter. 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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.