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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Tuesday. The firm issued a hold rating on the stock.

Separately, TheStreet lowered shares of Taitron Components from a b- rating to a c+ rating in a research note on Wednesday, February 7th.

Taitron Components Stock Performance

Shares of Taitron Components stock opened at $3.13 on Tuesday. The firm has a market capitalization of $18.84 million, a price-to-earnings ratio of 9.78 and a beta of 0.85. Taitron Components has a 12-month low of $3.05 and a 12-month high of $4.32. The firm’s 50 day simple moving average is $3.21 and its two-hundred day simple moving average is $3.34.

Taitron Components Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.39%. Taitron Components’s payout ratio is currently 62.50%.

Institutional Trading of Taitron Components

A number of hedge funds and other institutional investors have recently made changes to their positions in TAIT. Significant Wealth Partners LLC acquired a new stake in shares of Taitron Components in the fourth quarter worth $637,000. Renaissance Technologies LLC boosted its holdings in Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock worth $1,321,000 after buying an additional 15,756 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after buying an additional 14,154 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Taitron Components during the third quarter worth $41,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Taitron Components by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 38,232 shares of the company’s stock worth $148,000 after buying an additional 4,668 shares in the last quarter. Institutional investors and hedge funds 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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.