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

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

Taitron Components Price Performance

Taitron Components stock opened at $2.62 on Wednesday. The business’s 50-day simple moving average is $2.81 and its 200 day simple moving average is $2.83. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.61. The stock has a market cap of $15.80 million, a price-to-earnings ratio of 11.41 and a beta of 0.47.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued 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 dividend yield of 7.62%. Taitron Components’s payout ratio is 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.