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

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

Separately, TheStreet lowered Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th.

Taitron Components Stock Down 0.3 %

TAIT stock opened at $3.16 on Wednesday. The firm has a market cap of $19.02 million, a PE ratio of 9.88 and a beta of 0.85. The business has a 50 day moving average of $3.21 and a 200-day moving average of $3.32. Taitron Components has a 12-month low of $3.05 and a 12-month high of $4.32.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Kestra Private Wealth Services LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned 0.19% of Taitron Components at the end of the most recent quarter. Institutional investors and hedge funds own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.