StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a research report report published on Sunday morning. The firm issued a hold rating on the stock.
Taitron Components Stock Performance
Shares of Taitron Components stock opened at $2.56 on Friday. The business’s 50 day moving average price is $2.69 and its 200 day moving average price is $2.79. The company has a market cap of $15.41 million, a price-to-earnings ratio of 11.13 and a beta of 0.47. Taitron Components has a one year low of $2.52 and a one year high of $3.55.
Taitron Components Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s dividend payout ratio is presently 86.96%.
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.
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