Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

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

Taitron Components Price Performance

TAIT opened at $2.53 on Monday. Taitron Components has a one year low of $2.52 and a one year high of $3.34. The company’s 50 day simple moving average is $2.66 and its 200-day simple moving average is $2.79. The stock has a market capitalization of $15.23 million, a P/E ratio of 11.00 and a beta of 0.47.

Taitron Components Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid 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 7.91%. Taitron Components’s payout ratio is presently 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.