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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

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

Taitron Components Price Performance

Shares of TAIT stock opened at $3.16 on Wednesday. The stock’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $3.32. The firm has a market cap of $19.02 million, a price-to-earnings ratio of 9.88 and a beta of 0.85. Taitron Components has a one year low of $3.05 and a one year high of $4.32.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Kestra Private Wealth Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned about 0.19% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is currently owned by hedge funds and other institutional investors.

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.