Taitron Components (NASDAQ:TAIT) Now Covered by StockNews.com

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

Taitron Components Stock Performance

TAIT opened at $2.91 on Friday. Taitron Components has a 52-week low of $2.57 and a 52-week high of $4.16. The stock has a market capitalization of $17.52 million, a PE ratio of 10.39 and a beta of 0.50. The stock’s 50 day moving average price is $2.86 and its 200-day moving average price is $3.09.

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

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned 3.03% of Taitron Components as of its most recent SEC filing. Institutional investors own 18.09% of the company’s stock.

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.