StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

Equities research analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Up 0.8 %

Shares of NASDAQ:TAIT opened at $2.58 on Wednesday. The company has a market capitalization of $15.53 million, a price-to-earnings ratio of 11.22 and a beta of 0.43. The company has a 50 day moving average of $2.58 and a two-hundred day moving average of $2.69. Taitron Components has a 52-week low of $2.48 and a 52-week high of $3.30.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing. 18.09% of the stock is currently owned by hedge funds and other institutional investors.

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.