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

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.61 on Wednesday. The company has a market cap of $15.71 million, a PE ratio of 11.35 and a beta of 0.47. The firm’s 50-day simple moving average is $2.62 and its two-hundred day simple moving average is $2.78. Taitron Components has a 52 week low of $2.52 and a 52 week high of $3.34.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAITFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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. 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.

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