Taitron Components Inc (NASDAQ:TAIT): Negative Stock Sentiment

Sentiment for Taitron Components Inc (NASDAQ:TAIT)

Taitron Components Inc (NASDAQ:TAIT) institutional sentiment decreased to 1 in Q2 2019. Its down -2.00, from 3 in 2019Q1. The ratio turned negative, as 6 hedge funds increased or started new equity positions, while 6 reduced and sold their holdings in Taitron Components Inc. The hedge funds in our partner’s database now hold: 862,619 shares, up from 692,933 shares in 2019Q1. Also, the number of hedge funds holding Taitron Components Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 2 Increased: 2 New Position: 4.

Taitron Components Incorporated engages in the supply of original designed and manufactured electronic components, and distribution of brand name electronic components. The company has market cap of $15.53 million. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. It has a 11.3 P/E ratio. The firm also provides value-added engineering and turn-key services focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects.

The stock decreased 0.37% or $0.01 during the last trading session, reaching $2.7. About 10,451 shares traded. Taitron Components Incorporated (NASDAQ:TAIT) has risen 67.72% since September 13, 2018 and is uptrending. It has outperformed by 67.72% the S&P500.

Acadian Asset Management Llc holds 0% of its portfolio in Taitron Components Incorporated for 7,110 shares. Blackrock Inc. owns 8,667 shares or 0% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0% invested in the company for 68,500 shares. The New York-based Jane Street Group Llc has invested 0% in the stock. Morgan Stanley, a New York-based fund reported 18,428 shares.

More notable recent Taitron Components Incorporated (NASDAQ:TAIT) news were published by: Benzinga.com which released: “60 Biggest Movers From Friday – Benzinga” on May 20, 2019, also Seekingalpha.com with their article: “Wall Street Breakfast: What Moved Markets This Week – Seeking Alpha” published on May 18, 2019, Seekingalpha.com published: “Shareholders Are Reaping The Rewards From Taitron’s Strategic Shift – Seeking Alpha” on February 15, 2019. More interesting news about Taitron Components Incorporated (NASDAQ:TAIT) were released by: Finance.Yahoo.com and their article: “Do Insiders Own Lots Of Shares In Taitron Components Incorporated (NASDAQ:TAIT)? – Yahoo Finance” published on July 24, 2019 as well as Globenewswire.com‘s news article titled: “LPL Financial Welcomes PacNorth Retirement Group Nasdaq:LPLA – GlobeNewswire” with publication date: July 02, 2019.

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