StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

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

Taitron Components Stock Performance

Shares of Taitron Components stock opened at $2.68 on Thursday. The stock has a 50 day moving average price of $2.78 and a 200-day moving average price of $2.82. Taitron Components has a one year low of $2.52 and a one year high of $3.61. The stock has a market cap of $16.13 million, a price-to-earnings ratio of 11.65 and a beta of 0.47.

About Taitron Components

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.