Taitron Components (NASDAQ:TAIT) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

Taitron Components Stock Down 0.5 %

Shares of TAIT opened at $2.94 on Tuesday. The stock has a market cap of $17.70 million, a P/E ratio of 10.50 and a beta of 0.48. The business’s 50 day moving average price is $2.87 and its 200-day moving average price is $2.95. Taitron Components has a 52 week low of $2.57 and a 52 week high of $3.73.

Taitron Components (NASDAQ:TAIT) last released its earnings results on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%. The business had revenue of $1.22 million for the quarter.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a yield of 6.80%. Taitron Components’s dividend payout ratio is currently 71.43%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent quarter. 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.