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

Analysts at StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Taitron Components Trading Down 1.0 %

Shares of NASDAQ:TAIT opened at $2.89 on Wednesday. The company has a market capitalization of $17.40 million, a price-to-earnings ratio of 10.32 and a beta of 0.48. Taitron Components has a 12-month low of $2.57 and a 12-month high of $3.73. The business has a 50-day moving average price of $2.88 and a 200 day moving average price of $2.94.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%. The business had revenue of $1.22 million during the quarter.

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 position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

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.