Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of TAIT opened at $2.65 on Wednesday. The stock has a market capitalization of $15.95 million, a P/E ratio of 9.46 and a beta of 0.54. Taitron Components has a 1 year low of $2.62 and a 1 year high of $4.25. The company’s fifty day moving average is $3.02 and its two-hundred day moving average is $3.18.

Taitron Components (NASDAQ:TAIT) last released its earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.96 million for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned approximately 3.03% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by institutional investors and hedge funds.

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.