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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report released on Monday morning. The firm issued a hold rating on the stock.

Taitron Components Price Performance

Shares of NASDAQ:TAIT opened at $2.88 on Monday. Taitron Components has a 12 month low of $2.57 and a 12 month high of $3.73. The firm has a market capitalization of $17.34 million, a P/E ratio of 10.29 and a beta of 0.48. The company’s fifty day moving average price is $2.88 and its 200 day moving average price is $2.96.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.22 million during 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Friday, August 16th. Taitron Components’s dividend payout ratio is presently 71.43%.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

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.