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

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

Taitron Components Stock Performance

Shares of NASDAQ:TAIT opened at $2.19 on Friday. The company has a market cap of $13.19 million, a P/E ratio of 9.52 and a beta of 0.38. Taitron Components has a one year low of $2.16 and a one year high of $3.21. The business’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.59.

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 Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. 18.09% of the stock is currently owned by 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.