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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the stock.

Taitron Components Price Performance

TAIT opened at $2.56 on Wednesday. Taitron Components has a 12-month low of $2.48 and a 12-month high of $3.30. The stock has a market capitalization of $15.41 million, a PE ratio of 11.13 and a beta of 0.43. The firm’s fifty day moving average price is $2.58 and its 200 day moving average price is $2.69.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.81%. The ex-dividend date of this dividend was Friday, February 14th. Taitron Components’s dividend payout ratio is currently 86.96%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by institutional investors and hedge funds.

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.