Taitron Components Incorporated (NASDAQ:TAIT) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp decreased its holdings in Taitron Components Incorporated (NASDAQ:TAIT) by 18.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 215,597 shares of the company’s stock after selling 48,800 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Taitron Components were worth $627,000 as of its most recent SEC filing.

Taitron Components Price Performance

TAIT stock opened at $2.74 on Thursday. The company’s 50 day simple moving average is $2.84 and its 200-day simple moving average is $2.85. Taitron Components Incorporated has a 52-week low of $2.52 and a 52-week high of $3.61. The firm has a market capitalization of $16.49 million, a P/E ratio of 11.78 and a beta of 0.49.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.30%. Taitron Components’s payout ratio is currently 86.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Taitron Components in a research note on Tuesday. They issued a “hold” rating on the stock.

Taitron Components 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.