Taitron Components (NASDAQ:TAIT) Coverage Initiated at StockNews.com

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

Taitron Components Stock Performance

TAIT opened at $2.58 on Tuesday. The firm has a market cap of $15.53 million, a price-to-earnings ratio of 11.22 and a beta of 0.47. The stock’s 50-day moving average price is $2.63 and its 200 day moving average price is $2.79. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.34.

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.