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

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

Taitron Components Trading Up 0.8 %

NASDAQ TAIT opened at $2.61 on Friday. The company has a 50 day moving average of $2.75 and a 200-day moving average of $2.81. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.61. The company has a market cap of $15.71 million, a price-to-earnings ratio of 11.35 and a beta of 0.47.

Taitron Components Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.66%. The ex-dividend date was Friday, November 15th. Taitron Components’s dividend payout ratio is currently 86.96%.

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.