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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report released on Tuesday morning. The firm issued a hold rating on the stock.

Taitron Components Trading Up 2.2 %

Shares of Taitron Components stock opened at $2.54 on Tuesday. The company’s 50-day moving average price is $2.58 and its two-hundred day moving average price is $2.70. Taitron Components has a 52 week low of $2.48 and a 52 week high of $3.30. The stock has a market cap of $15.26 million, a PE ratio of 11.02 and a beta of 0.43.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend was Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent reporting period. Hedge funds and other 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.