Research analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Get Free Report) in a report released on Sunday. The firm set a “hold” rating on the stock.
Taitron Components Stock Down 2.3 %
NASDAQ:TAIT opened at $2.56 on Friday. The stock has a market cap of $15.41 million, a P/E ratio of 11.13 and a beta of 0.47. The business’s 50-day moving average price is $2.60 and its two-hundred day moving average price is $2.74. Taitron Components has a twelve month low of $2.52 and a twelve month high of $3.32.
Institutional Trading of Taitron Components
An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is currently owned by institutional investors and hedge funds.
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. 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.
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