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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

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

Taitron Components Stock Down 0.9 %

TAIT opened at $3.15 on Tuesday. The business has a 50 day moving average price of $3.22 and a two-hundred day moving average price of $3.34. The company has a market cap of $18.97 million, a PE ratio of 9.84 and a beta of 0.85. Taitron Components has a 52 week low of $3.05 and a 52 week high of $4.32.

Institutional Trading of Taitron Components

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Taitron Components by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after acquiring an additional 15,756 shares during the last quarter. Significant Wealth Partners LLC purchased a new position in shares of Taitron Components during the 4th quarter worth approximately $637,000. Vanguard Group Inc. raised its stake in shares of Taitron Components by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after buying an additional 14,154 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Taitron Components by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock worth $152,000 after buying an additional 2,979 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of Taitron Components during the 3rd quarter worth approximately $41,000. 18.09% of the stock is owned by hedge funds and other institutional investors.

About Taitron Components

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.