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

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

Separately, TheStreet cut Taitron Components from a b- rating to a c+ rating in a report on Wednesday, February 7th.

Taitron Components Stock Performance

TAIT opened at $3.13 on Tuesday. The stock has a market capitalization of $18.84 million, a price-to-earnings ratio of 9.78 and a beta of 0.85. Taitron Components has a fifty-two week low of $3.05 and a fifty-two week high of $4.32. The company has a fifty day moving average of $3.21 and a 200 day moving average of $3.33.

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were given a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a yield of 6.39%. Taitron Components’s dividend payout ratio is currently 62.50%.

Institutional Investors Weigh In On Taitron Components

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Taitron Components by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock worth $152,000 after buying an additional 2,979 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Taitron Components during the 3rd quarter valued at about $41,000. Vanguard Group Inc. raised its position in Taitron Components by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after purchasing an additional 14,154 shares during the period. Renaissance Technologies LLC lifted its stake in Taitron Components by 5.2% in the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock worth $1,321,000 after purchasing an additional 15,756 shares during the last quarter. Finally, Significant Wealth Partners LLC purchased a new position in shares of Taitron Components during the fourth quarter valued at approximately $637,000. 18.09% of the stock is owned by institutional investors.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.