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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

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

Taitron Components Trading Down 0.3 %

TAIT opened at $3.14 on Thursday. Taitron Components has a 1-year low of $3.05 and a 1-year high of $4.32. The company has a market cap of $18.90 million, a price-to-earnings ratio of 9.81 and a beta of 0.72. The company’s fifty day moving average price is $3.19 and its two-hundred day moving average price is $3.30.

Taitron Components (NASDAQ:TAIT) last posted its earnings results on Monday, April 1st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $0.97 million for the quarter. Taitron Components had a net margin of 30.21% and a return on equity of 10.97%.

Institutional Investors Weigh In On Taitron Components

Several large investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC bought a new stake in Taitron Components in the 3rd quarter valued at about $41,000. Significant Wealth Partners LLC bought a new stake in shares of Taitron Components in the fourth quarter valued at approximately $637,000. Finally, Coulter & Justus Financial Services LLC purchased a new stake in shares of Taitron Components during the 1st quarter valued at approximately $851,000. Hedge funds and other institutional investors own 18.09% of the company’s stock.

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.