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

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

Taitron Components Price Performance

Shares of NASDAQ:TAIT opened at $2.61 on Friday. Taitron Components has a one year low of $2.52 and a one 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. The firm has a 50 day simple moving average of $2.75 and a 200 day simple moving average of $2.81.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.66%. 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.