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

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Separately, TheStreet cut shares of Taitron Components from a b- rating to a c+ rating in a research note on Wednesday, February 7th.

Taitron Components Stock Up 0.3 %

NASDAQ:TAIT opened at $2.93 on Friday. The stock has a market cap of $17.64 million, a PE ratio of 10.46 and a beta of 0.72. The business’s 50-day simple moving average is $3.16 and its two-hundred day simple moving average is $3.26. Taitron Components has a 52 week low of $2.87 and a 52 week high of $4.32.

Taitron Components (NASDAQ:TAIT) last released its earnings results on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The firm had revenue of $0.97 million during the quarter.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.83%. Taitron Components’s dividend payout ratio is currently 71.43%.

Institutional Trading of Taitron Components

Large investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in shares of Taitron Components during the 3rd quarter valued at approximately $41,000. Significant Wealth Partners LLC bought a new stake in shares of Taitron Components in the 4th quarter worth about $637,000. Finally, Coulter & Justus Financial Services LLC purchased a new stake in shares of Taitron Components during the 1st quarter valued at about $851,000. Institutional investors 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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.