Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 6,400 shares, an increase of 128.6% from the June 30th total of 2,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.5 days.
Taitron Components Trading Up 1.8 %
Shares of NASDAQ:TAIT traded up $0.05 during trading on Friday, reaching $2.85. 10,563 shares of the company traded hands, compared to its average volume of 11,551. Taitron Components has a 52-week low of $2.57 and a 52-week high of $4.16. The firm has a market capitalization of $17.16 million, a price-to-earnings ratio of 10.18 and a beta of 0.50. The business’s fifty day moving average is $2.81 and its 200-day moving average is $3.06.
Taitron Components (NASDAQ:TAIT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share for the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%. The business had revenue of $0.96 million during the quarter.
Taitron Components Dividend Announcement
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Taitron Components in a research note on Sunday, July 21st. They issued a “hold” rating for the company.
Read Our Latest Stock Report on TAIT
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.
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