Equities researchers at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Get Free Report) in a report released on Monday. The firm set a “hold” rating on the stock.
Taitron Components Price Performance
Shares of Taitron Components stock opened at $2.50 on Monday. The business has a 50-day moving average of $2.59 and a 200-day moving average of $2.72. The company has a market capitalization of $15.05 million, a PE ratio of 10.87 and a beta of 0.43. Taitron Components has a 1-year low of $2.50 and a 1-year high of $3.30.
Hedge Funds Weigh In On Taitron Components
A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission. 18.09% of the stock is owned by 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.
Further Reading
- Five stocks we like better than Taitron Components
- How Technical Indicators Can Help You Find Oversold Stocks
- NVIDIA Stock Remains Stunningly Undervalued—Here’s Why
- Financial Services Stocks Investing
- Oracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term Buy
- With Risk Tolerance, One Size Does Not Fit All
- U.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the Wave
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.
