Taitron Components (NASDAQ:TAIT) Earns Hold Rating from 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 Stock Performance

Shares of TAIT stock opened at $2.82 on Friday. Taitron Components has a 52-week low of $2.57 and a 52-week high of $3.63. The stock has a market cap of $16.98 million, a price-to-earnings ratio of 10.07 and a beta of 0.48. The firm has a fifty day moving average of $2.89 and a 200-day moving average of $2.91.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $1.22 million during the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%.

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 position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the first quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 18.09% of the company’s stock.

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.