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

Investment analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of TAIT stock opened at $2.54 on Wednesday. The stock’s 50 day simple moving average is $2.58 and its 200 day simple moving average is $2.69. Taitron Components has a twelve month low of $2.48 and a twelve month high of $3.30. The company has a market capitalization of $15.29 million, a price-to-earnings ratio of 11.04 and a beta of 0.43.

Institutional Trading of 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) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 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.