Taitron Components (NASDAQ:TAIT) Now Covered by StockNews.com

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

Taitron Components Stock Performance

Shares of NASDAQ:TAIT opened at $2.88 on Friday. The company has a market cap of $17.34 million, a P/E ratio of 11.08 and a beta of 0.49. Taitron Components has a one year low of $2.57 and a one year high of $3.61. The business’s 50-day simple moving average is $2.87 and its 200 day simple moving average is $2.89.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data 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 company had revenue of $1.22 million for the quarter.

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.