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

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

Taitron Components Stock Up 1.1 %

Shares of TAIT stock opened at $2.88 on Friday. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $3.61. The stock has a market cap of $17.34 million, a P/E ratio of 11.08 and a beta of 0.49. The business has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.89.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. The business had revenue of $1.22 million for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

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.