Taitron Components Incorporated (TAIT) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of TAIT have tacked on 3.74% to $1.11 after closing the day prior at $1.07. In the first two and a half hours of trading, the stock has gone as high as $1.11 and as low as $1.1. Today’s rise has come with about 16,573 shares changing hands, compared to an average 30-day volume of 11,613 for Taitron Components Incorporated. The price is currently below the 30-day volume weighted average price of $1.1 for TAIT.
The share appreciation gives the company a market capitalization of $5.92 million based upon 5.53 million shares outstanding. It also means that TAIT has a price-to-book ratio of 0.4:1.
In the past 52 weeks, shares of TAIT have traded as low as $0.7322 and as high as $1.69. Technical traders will take note that at $1.11, shares of TAIT are trading above their 200-day MA at $0.98 and below their 50-day MA at $1.13. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is TAIT?
Taitron Components Inc is a national distributor of brand name electronic components and supplier of original designed and manufactured (ODM) electronic components. The Company is also engaged in engineering and turn-key services. The company’s 20 employees are led by CEO Stewart Wang from the corporate headquarters at 28040 West Harrison Parkway in Valencia, CA.
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