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 report published on Wednesday. The brokerage issued a hold rating on the stock.

Taitron Components Stock Performance

Taitron Components stock opened at $2.57 on Wednesday. Taitron Components has a twelve month low of $2.48 and a twelve month high of $3.30. The firm has a market cap of $15.47 million, a PE ratio of 11.17 and a beta of 0.43. The firm’s 50 day moving average price is $2.58 and its two-hundred day moving average price is $2.69.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. Taitron Components’s dividend 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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 filing with the SEC. 18.09% of the stock is owned by institutional investors.

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.