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

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

Taitron Components Stock Performance

Shares of NASDAQ TAIT traded up $0.01 during midday trading on Wednesday, hitting $2.87. The company’s stock had a trading volume of 3,182 shares, compared to its average volume of 14,325. The firm’s fifty day moving average price is $2.80 and its 200-day moving average price is $3.03. The firm has a market cap of $17.28 million, a P/E ratio of 10.39 and a beta of 0.50. Taitron Components has a 1-year low of $2.57 and a 1-year high of $3.81.

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. The firm had revenue of $0.96 million during the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned approximately 3.03% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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.