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

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

Taitron Components Price Performance

Taitron Components stock opened at $2.57 on Friday. The firm’s 50-day moving average is $2.72 and its two-hundred day moving average is $2.80. The stock has a market capitalization of $15.47 million, a P/E ratio of 11.17 and a beta of 0.47. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.55.

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.