StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the stock.
Taitron Components Price Performance
Shares of NASDAQ TAIT opened at $2.91 on Thursday. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.65. The stock has a market capitalization of $17.52 million, a P/E ratio of 11.19 and a beta of 0.48. The company’s 50-day moving average is $2.89 and its 200 day moving average is $2.92.
Taitron Components (NASDAQ:TAIT – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $1.22 million for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.
Taitron Components Dividend Announcement
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is owned by hedge funds and other institutional investors.
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.
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