Analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT – Get 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:TAIT – Free 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
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.
See Also
- Five stocks we like better than Taitron Components
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Taitron Components Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taitron Components and related companies with MarketBeat.com's FREE daily email newsletter.