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

by · The Cerbat Gem

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

Taitron Components Trading Down 1.5 %

NASDAQ TAIT opened at $2.65 on Thursday. Taitron Components has a 1-year low of $2.57 and a 1-year high of $4.19. The company has a 50 day moving average of $2.94 and a 200-day moving average of $3.15. The company has a market cap of $15.95 million, a price-to-earnings ratio of 9.46 and a beta of 0.54.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent reporting period. Hedge funds and other 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.

Further Reading