Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Separately, TheStreet lowered Taitron Components from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th.

Taitron Components Stock Up 0.3 %

Shares of NASDAQ:TAIT opened at $3.16 on Thursday. The business has a fifty day moving average of $3.20 and a two-hundred day moving average of $3.31. The stock has a market cap of $19.02 million, a P/E ratio of 9.88 and a beta of 0.72. Taitron Components has a 52-week low of $3.05 and a 52-week high of $4.32.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $0.97 million during the quarter. Taitron Components had a return on equity of 10.97% and a net margin of 30.21%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Kestra Private Wealth Services LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned about 0.19% of Taitron Components as of its most recent SEC filing. Institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.