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

Equities researchers at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Get Rating) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Taitron Components Price Performance

TAIT opened at $3.80 on Friday. The firm has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $3.81. Taitron Components has a fifty-two week low of $3.16 and a fifty-two week high of $4.32.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently raised its stake in Taitron Components stock. Noesis Capital Mangement Corp raised its position in Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 306,819 shares of the company’s stock after purchasing an additional 59,964 shares during the period. Noesis Capital Mangement Corp owned approximately 5.22% of Taitron Components worth $1,055,000 as of its most recent filing with the SEC. Institutional investors own 15.50% of the company’s stock.

About Taitron Components

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Taitron Components, Inc engages in the manufacture and distribution of original designed and manufactured products and electronic components. It also offers discrete semiconductors and commodity integrated circuits, optoelectronic devices, passive components, and value-added engineering and turnkey services.