StockNews.com Begins Coverage on Taitron Components (NASDAQ:TAIT)

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

Taitron Components Stock Down 0.4 %

TAIT opened at $2.91 on Wednesday. The firm has a market capitalization of $17.51 million, a P/E ratio of 10.39 and a beta of 0.48. The stock has a fifty day moving average of $2.88 and a 200-day moving average of $2.93. Taitron Components has a 12-month low of $2.57 and a 12-month high of $3.73.

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

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors 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 yield of 6.88%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s payout ratio is presently 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 position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 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.