Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

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

Taitron Components Stock Performance

Taitron Components stock opened at $2.55 on Friday. The firm’s 50-day moving average is $2.60 and its 200-day moving average is $2.74. Taitron Components has a 1 year low of $2.52 and a 1 year high of $3.32. The company has a market cap of $15.35 million, a P/E ratio of 11.09 and a beta of 0.43.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 annualized dividend and a yield of 7.84%. Taitron Components’s dividend payout ratio is presently 86.96%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components as of its most recent SEC filing. Hedge funds and other institutional investors 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.