Taitron Components (TAIT) Sees Unusually-High Trading Volume
Taitron Components Inc. (NASDAQ:TAIT) saw strong trading volume on Wednesday . 1,095,508 shares changed hands during trading, an increase of 604% from the previous session’s volume of 155,688 shares.The stock last traded at $3.96 and had previously closed at $3.68.
Separately, TheStreet raised Taitron Components from a “c+” rating to a “b-” rating in a research report on Tuesday, April 9th.
The stock has a market capitalization of $20.29 million, a P/E ratio of 25.43 and a beta of 1.28.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAIT. Morgan Stanley grew its holdings in Taitron Components by 158.6% during the first quarter. Morgan Stanley now owns 20,765 shares of the company’s stock worth $55,000 after acquiring an additional 12,734 shares during the period. Renaissance Technologies LLC grew its holdings in Taitron Components by 11.5% during the first quarter. Renaissance Technologies LLC now owns 150,890 shares of the company’s stock worth $397,000 after acquiring an additional 15,600 shares during the period. Finally, Nordea Investment Management AB acquired a new position in Taitron Components during the fourth quarter worth $54,000. 11.49% of the stock is currently owned by institutional investors.
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Taitron Components Company Profile (NASDAQ:TAIT)
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, passive components, transistors, and diodes.
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