Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 10,100 shares, a growth of 46.4% from the August 15th total of 6,900 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.
Taitron Components Stock Performance
TAIT stock traded up $0.02 during midday trading on Monday, hitting $2.84. 341 shares of the stock were exchanged, compared to its average volume of 13,554. The stock’s 50-day moving average price is $2.87 and its 200-day moving average price is $2.97. The stock has a market cap of $17.10 million, a price-to-earnings ratio of 10.07 and a beta of 0.48. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $3.73.
Taitron Components (NASDAQ:TAIT – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%. The business had revenue of $1.22 million during the quarter.
Taitron Components Announces Dividend
Institutional Trading of Taitron Components
An institutional investor recently bought a new position 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 first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components as of its most recent filing with the SEC. Hedge funds and other institutional investors own 18.09% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Taitron Components in a research report on Sunday. They set a “hold” rating on the stock.
Check Out Our Latest Research Report on Taitron Components
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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