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

Posted by Jessica Moore on Aug 8th, 2024

Research analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT – Get Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Stock Performance

TAIT stock opened at $2.77 on Tuesday. The stock’s fifty day moving average is $2.80 and its two-hundred day moving average is $3.04. The stock has a market capitalization of $16.68 million, a price-to-earnings ratio of 9.89 and a beta of 0.50. Taitron Components has a 1 year low of $2.57 and a 1 year high of $4.11.

Taitron Components (NASDAQ:TAIT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The business 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%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components as of its most recent SEC filing. Institutional investors own 18.09% of the company’s stock.

Taitron Components Company Profile

(Get Free Report)

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.