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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note released on Thursday. The firm issued a hold rating on the stock.

Taitron Components Stock Up 1.7 %

Taitron Components stock opened at $2.91 on Thursday. The business’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.92. The stock has a market cap of $17.52 million, a price-to-earnings ratio of 10.39 and a beta of 0.48. Taitron Components has a 12-month low of $2.57 and a 12-month high of $3.65.

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

Taitron Components Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s dividend payout ratio is 71.43%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned 4.39% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by institutional investors and hedge funds.

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.