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

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

Taitron Components Stock Performance

Shares of NASDAQ:TAIT opened at $2.59 on Friday. The firm’s 50 day simple moving average is $2.69 and its 200-day simple moving average is $2.80. Taitron Components has a one year low of $2.52 and a one year high of $3.55. The firm has a market cap of $15.59 million, a PE ratio of 11.26 and a beta of 0.47.

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.