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

Equities researchers at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAITGet Free Report) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

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

Read Our Latest Analysis on Taitron Components

Taitron Components Stock Performance

Shares of TAIT stock opened at $3.20 on Friday. Taitron Components has a fifty-two week low of $3.05 and a fifty-two week high of $4.32. The stock’s 50-day simple moving average is $3.21 and its 200-day simple moving average is $3.38.

Hedge Funds Weigh In On Taitron Components

A number of hedge funds have recently modified their holdings of the business. Significant Wealth Partners LLC acquired a new stake in Taitron Components in the 4th quarter valued at about $637,000. Renaissance Technologies LLC lifted its stake in Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock worth $1,321,000 after purchasing an additional 15,756 shares during the last quarter. Vanguard Group Inc. increased its position in Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after buying an additional 14,154 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Taitron Components during the third quarter worth approximately $41,000. Finally, Dimensional Fund Advisors LP increased its position in Taitron Components by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 38,232 shares of the company’s stock worth $148,000 after buying an additional 4,668 shares during the period. 15.32% of the stock is currently owned by hedge funds and other institutional investors.

About Taitron Components

(Get Free Report)

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.

See Also

Receive News & Ratings for Taitron Components Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taitron Components and related companies with MarketBeat.com's FREE daily email newsletter.