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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

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

Taitron Components Stock Up 0.9 %

Taitron Components stock opened at $3.19 on Wednesday. Taitron Components has a 52-week low of $3.05 and a 52-week high of $4.32. The company has a market cap of $19.20 million, a price-to-earnings ratio of 9.97 and a beta of 0.85. The firm’s fifty day moving average is $3.20 and its 200 day moving average is $3.32.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Monday, April 1st. The company reported $0.03 earnings per share for the quarter. Taitron Components had a net margin of 30.21% and a return on equity of 10.97%. The business had revenue of $0.97 million for the quarter.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Thursday, February 15th. Taitron Components’s payout ratio is presently 62.50%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned about 3.03% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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.