Taitron Components (NASDAQ:TAIT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report released on Saturday. The brokerage issued a hold rating on the stock.

Taitron Components Stock Up 1.0 %

Shares of TAIT opened at $2.65 on Friday. Taitron Components has a twelve month low of $2.52 and a twelve month high of $3.32. The stock has a market cap of $15.92 million, a PE ratio of 11.50 and a beta of 0.47. The business’s 50-day moving average price is $2.60 and its 200-day moving average price is $2.75.

Taitron Components Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Friday, February 14th. Taitron Components’s payout ratio is 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components as of its most recent SEC filing. Institutional investors and hedge funds 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.