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

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

Taitron Components Trading Up 0.8 %

Taitron Components stock opened at $2.65 on Friday. The firm has a market cap of $15.96 million, a PE ratio of 11.52 and a beta of 0.47. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.55. The stock’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.80.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.55%. Taitron Components’s payout ratio is 86.96%.

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.