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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAITGet Rating) in a report published on Monday morning. The brokerage issued a hold rating on the stock.

Taitron Components Trading Down 0.5 %

TAIT opened at $3.77 on Monday. The firm has a market cap of $22.17 million, a price-to-earnings ratio of 9.72 and a beta of 1.08. Taitron Components has a 12 month low of $3.16 and a 12 month high of $4.39. The stock has a fifty day moving average price of $3.91 and a 200-day moving average price of $3.77.

Taitron Components Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.31%. This is a positive change from Taitron Components’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Wednesday, November 9th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Taitron Components stock. Dimensional Fund Advisors LP lifted its stake in Taitron Components Incorporated (NASDAQ:TAITGet Rating) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,232 shares of the company’s stock after acquiring an additional 4,668 shares during the period. Dimensional Fund Advisors LP owned 0.65% of Taitron Components worth $148,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 13.87% of the company’s stock.

About Taitron Components

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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.

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