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

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

Taitron Components Stock Down 1.6 %

NASDAQ TAIT traded down $0.04 on Tuesday, hitting $2.79. 9,802 shares of the stock were exchanged, compared to its average volume of 14,555. Taitron Components has a fifty-two week low of $2.57 and a fifty-two week high of $4.02. The company has a market cap of $16.80 million, a PE ratio of 9.96 and a beta of 0.50. The company has a 50-day moving average price of $2.80 and a 200-day moving average price of $3.04.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 EPS for the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%. The company had revenue of $0.96 million during the quarter.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Friday, August 16th. Taitron Components’s payout ratio is 71.43%.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Significant Wealth Partners LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned approximately 3.03% of Taitron Components as of its most recent SEC filing. Institutional investors and hedge funds 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.