Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

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

Taitron Components Stock Performance

Shares of TAIT opened at $2.84 on Friday. Taitron Components has a 52 week low of $2.57 and a 52 week high of $3.61. The stock has a market capitalization of $17.10 million, a price-to-earnings ratio of 10.92 and a beta of 0.49. The stock has a fifty day moving average of $2.87 and a 200-day moving average of $2.89.

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

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Friday, November 15th. Taitron Components’s payout ratio is 76.92%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 as of its most recent SEC filing. Institutional investors own 18.09% of the company’s stock.

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.