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

Equities research analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Taitron Components Stock Up 1.5 %

Shares of Taitron Components stock opened at $2.66 on Thursday. The firm has a market cap of $16.01 million, a P/E ratio of 9.50 and a beta of 0.54. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $4.19. The business has a 50-day moving average price of $2.96 and a 200 day moving average price of $3.16.

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

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned 3.03% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is 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.