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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.

Taitron Components Price Performance

Taitron Components stock opened at $2.85 on Friday. Taitron Components has a 12 month low of $2.57 and a 12 month high of $3.73. The company has a fifty day moving average price of $2.87 and a two-hundred day moving average price of $2.97. The company has a market cap of $17.16 million, a PE ratio of 10.18 and a beta of 0.48.

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

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date was Friday, August 16th. Taitron Components’s payout ratio is 71.43%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. 18.09% of the stock is owned by hedge funds and other institutional investors.

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.