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

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

Taitron Components Stock Performance

NASDAQ TAIT opened at $2.59 on Friday. The stock has a 50 day moving average price of $2.69 and a 200-day moving average price of $2.80. Taitron Components has a one year low of $2.52 and a one year high of $3.55. The company has a market capitalization of $15.59 million, a P/E ratio of 11.26 and a beta of 0.47.

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.