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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.

Taitron Components Stock Down 0.3 %

NASDAQ TAIT opened at $2.85 on Friday. The firm has a market cap of $17.16 million, a price-to-earnings ratio of 10.96 and a beta of 0.49. Taitron Components has a twelve month low of $2.57 and a twelve month high of $3.61. The business has a 50-day moving average price of $2.87 and a 200-day moving average price of $2.88.

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

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.02%. Taitron Components’s dividend payout ratio (DPR) is presently 76.93%.

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.