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

Investment analysts at StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAITGet Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Taitron Components Trading Down 0.3 %

Shares of NASDAQ TAIT opened at $3.86 on Monday. Taitron Components has a 12-month low of $3.16 and a 12-month high of $4.50. The stock has a market cap of $22.68 million, a PE ratio of 9.90 and a beta of 1.08. The company has a 50-day moving average of $3.92 and a 200 day moving average of $3.78.

Institutional Trading of Taitron Components

A hedge fund recently raised its stake in Taitron Components stock. Dimensional Fund Advisors LP grew its position in Taitron Components Incorporated (NASDAQ:TAITGet Rating) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,232 shares of the company’s stock after buying an additional 4,668 shares during the period. Dimensional Fund Advisors LP owned 0.65% of Taitron Components worth $148,000 as of its most recent SEC filing. Institutional investors own 13.87% 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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