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

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.82 on Friday. The firm has a market capitalization of $16.98 million, a P/E ratio of 10.07 and a beta of 0.48. Taitron Components has a 1-year low of $2.57 and a 1-year high of $3.73. The business’s 50-day simple moving average is $2.86 and its 200-day simple moving average is $2.98.

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

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s dividend payout ratio is currently 71.43%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent reporting period. Institutional investors own 18.09% of the company’s stock.

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.