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

Stock analysts at StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Taitron Components Stock Performance

NASDAQ:TAIT opened at $2.58 on Tuesday. Taitron Components has a one year low of $2.52 and a one year high of $3.34. The stock has a market cap of $15.53 million, a PE ratio of 11.22 and a beta of 0.47. The stock has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.79.

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.