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

Stock analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Taitron Components Price Performance

Shares of TAIT stock opened at $2.69 on Friday. The company’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $3.13. Taitron Components has a 52 week low of $2.57 and a 52 week high of $4.19. The stock has a market cap of $16.16 million, a P/E ratio of 9.59 and a beta of 0.50.

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

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by hedge funds and other 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.