Taitron Components (NASDAQ:TAIT) Announces Earnings Results

Taitron Components (NASDAQ:TAIT) released its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The business had revenue of $0.53 million for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%.

Taitron Components Stock Down 1.4%

Shares of TAIT traded down $0.03 during midday trading on Friday, reaching $2.10. 183,522 shares of the stock were exchanged, compared to its average volume of 142,194. The company has a market cap of $12.64 million, a price-to-earnings ratio of -19.09 and a beta of 0.49. Taitron Components has a 12-month low of $2.01 and a 12-month high of $5.10. The firm has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.29.

Taitron Components Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 6.7%. Taitron Components’s dividend payout ratio (DPR) is -127.27%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Virtu Financial LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components as of its most recent SEC filing. Hedge funds and other institutional investors own 18.09% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Taitron Components in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.