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

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

Taitron Components Price Performance

Shares of TAIT stock opened at $2.89 on Monday. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.73. The company’s fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $2.95. The stock has a market capitalization of $17.40 million, a price-to-earnings ratio of 10.32 and a beta of 0.48.

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

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s payout ratio is 71.43%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components at the end of the most recent reporting period. 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. 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.