Taitron Components (NASDAQ:TAIT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Taitron Components Price Performance

Shares of NASDAQ TAIT opened at $2.91 on Thursday. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.65. The stock has a market capitalization of $17.52 million, a P/E ratio of 11.19 and a beta of 0.48. The company’s 50-day moving average is $2.89 and its 200 day moving average is $2.92.

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

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s dividend payout ratio is presently 76.93%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is owned by hedge funds and other institutional investors.

About Taitron Components

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.