Taitron Components (NASDAQ:TAIT) Receives New Coverage from Analysts at StockNews.com

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

Taitron Components Trading Up 0.3 %

Shares of TAIT opened at $2.94 on Friday. Taitron Components has a 12-month low of $2.57 and a 12-month high of $4.16. The firm has a market capitalization of $17.69 million, a P/E ratio of 10.50 and a beta of 0.50. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.07.

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

Taitron Components Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date was Thursday, May 16th. Taitron Components’s dividend payout ratio is presently 71.43%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned about 3.03% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. 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.