Taitron Components Inc. (NASDAQ:TAIT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $3.49 and last traded at $3.30, with a volume of 420 shares. The stock had previously closed at $3.15.

Separately, TheStreet raised Taitron Components from a “c+” rating to a “b-” rating in a report on Tuesday, April 9th.

The firm has a market capitalization of $17.44 million, a P/E ratio of 21.86 and a beta of 0.91.

A hedge fund recently raised its stake in Taitron Components stock. Renaissance Technologies LLC increased its stake in Taitron Components Inc. (NASDAQ:TAIT) by 62.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,203 shares of the company’s stock after purchasing an additional 47,603 shares during the quarter. Renaissance Technologies LLC owned approximately 2.21% of Taitron Components worth $247,000 at the end of the most recent quarter. 11.64% of the stock is currently owned by institutional investors.

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About Taitron Components (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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