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

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

Shares of TAIT opened at $3.52 on Wednesday. The stock has a 50-day moving average of $3.71. The stock has a market capitalization of $20.68 million, a PE ratio of 9.03 and a beta of 1.35. Taitron Components has a 52 week low of $3.26 and a 52 week high of $6.60.

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Taitron Components by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 415,773 shares of the company’s stock worth $1,676,000 after purchasing an additional 5,600 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Taitron Components during the third quarter worth about $63,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Taitron Components during the second quarter worth about $113,000. Hedge funds and other institutional investors own 15.41% of the company’s stock.

Taitron Components Company Profile (Get Rating)

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.

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