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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report report published on Wednesday. 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 report on Wednesday, February 7th.

Taitron Components Stock Up 0.9 %

Shares of Taitron Components stock opened at $3.19 on Wednesday. The firm has a market cap of $19.20 million, a PE ratio of 9.97 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 company’s fifty day simple moving average is $3.20 and its two-hundred day simple moving average is $3.32.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $0.97 million for the quarter. Taitron Components had a net margin of 30.21% and a return on equity of 10.97%.

Taitron Components Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 6.27%. Taitron Components’s dividend payout ratio is 62.50%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Kestra Private Wealth Services LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned 0.19% of Taitron Components at the end of the most recent quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.