Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

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

Taitron Components Trading Up 1.4 %

NASDAQ TAIT opened at $2.85 on Friday. The stock has a market cap of $17.16 million, a P/E ratio of 10.18 and a beta of 0.48. The company’s fifty day simple moving average is $2.87 and its 200-day simple moving average is $2.97. Taitron Components has a 52 week low of $2.57 and a 52 week high of $3.73.

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

Taitron Components Dividend Announcement

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

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter. Institutional investors and hedge funds 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.