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

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

Taitron Components Stock Up 2.1 %

Shares of NASDAQ TAIT opened at $3.95 on Wednesday. The company has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $3.70. Taitron Components has a fifty-two week low of $3.23 and a fifty-two week high of $4.32.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently raised its position in Taitron Components stock. Dimensional Fund Advisors LP lifted its holdings in Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) by 7.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,166 shares of the company’s stock after purchasing an additional 2,979 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of Taitron Components worth $152,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.50% of the company’s stock.

Taitron Components Company Profile

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Taitron Components, Inc engages in the manufacture and distribution of original designed and manufactured products and electronic components. It also offers discrete semiconductors and commodity integrated circuits, optoelectronic devices, passive components, and value-added engineering and turnkey services.