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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

Taitron Components Trading Up 1.4 %

NASDAQ TAIT opened at $2.62 on Tuesday. The stock has a 50 day moving average of $2.62 and a 200-day moving average of $2.78. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.34. The company has a market cap of $15.74 million, a PE ratio of 11.37 and a beta of 0.47.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s dividend payout ratio is 86.96%.

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.