Taitron Components (NASDAQ:TAIT) Coverage Initiated by Analysts at StockNews.com

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

Taitron Components Price Performance

Shares of NASDAQ TAIT opened at $2.86 on Thursday. The company’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $2.92. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $3.65. The firm has a market capitalization of $17.21 million, a P/E ratio of 11.00 and a beta of 0.48.

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

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.05 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.00%. Taitron Components’s dividend payout ratio (DPR) is presently 76.93%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.09% of the company’s stock.

About Taitron Components

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.