Taitron Components (NASDAQ:TAIT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Taitron Components Stock Performance

Shares of TAIT stock opened at $2.82 on Friday. Taitron Components has a one year low of $2.57 and a one year high of $3.73. The company’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.97. The stock has a market capitalization of $16.98 million, a price-to-earnings ratio of 10.07 and a beta of 0.48.

Taitron Components (NASDAQ:TAIT) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%. The business had revenue of $1.22 million for the quarter.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.20 annualized dividend and a yield of 7.09%. Taitron Components’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components as of its most recent SEC filing. Institutional investors own 18.09% of the company’s stock.

Taitron Components Company Profile

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, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.