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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Down 1.5 %

Taitron Components stock opened at $2.65 on Thursday. The business has a 50 day moving average price of $2.94 and a two-hundred day moving average price of $3.15. The stock has a market cap of $15.95 million, a price-to-earnings ratio of 9.46 and a beta of 0.54. Taitron Components has a 12 month low of $2.57 and a 12 month high of $4.19.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 EPS for the quarter. The firm had revenue of $0.96 million during the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.