Soltis Investment Advisors LLC Makes New Investment in Taitron Components Incorporated (NASDAQ:TAIT)

Soltis Investment Advisors LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Taitron Components in a research note on Thursday, February 6th. They issued a “hold” rating for the company.

Taitron Components Stock Down 0.5 %

TAIT opened at $2.62 on Wednesday. Taitron Components Incorporated has a 12-month low of $2.52 and a 12-month high of $3.34. The business has a 50 day moving average of $2.60 and a 200-day moving average of $2.76. The stock has a market cap of $15.75 million, a price-to-earnings ratio of 11.37 and a beta of 0.47.

Taitron Components Announces Dividend

The firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Friday, February 14th. Taitron Components’s dividend payout ratio is 86.96%.

About Taitron Components

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.