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

Equities research analysts at StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Get Rating) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Taitron Components Price Performance

Taitron Components stock opened at $4.11 on Friday. The firm has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $3.74. Taitron Components has a twelve month low of $3.28 and a twelve month high of $4.32.

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Taitron Components (NASDAQ:TAIT – Get Rating) last posted its quarterly earnings results on Monday, May 15th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $2.09 million during the quarter. Taitron Components had a net margin of 21.52% and a return on equity of 11.82%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently raised its position in Taitron Components stock. Dimensional Fund Advisors LP grew its position in shares of Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,166 shares of the company’s stock after acquiring an additional 2,979 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of Taitron Components worth $152,000 as of its most recent SEC filing. Institutional investors own 15.83% of the company’s stock.

Taitron Components Company Profile

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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.

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