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

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

Taitron Components Price Performance

TAIT opened at $2.89 on Monday. The stock’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $2.95. The firm has a market cap of $17.40 million, a price-to-earnings ratio of 10.32 and a beta of 0.48. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.73.

Taitron Components (NASDAQ:TAIT) last announced 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 net margin of 32.00% and a return on equity of 8.87%.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.92%. Taitron Components’s dividend payout ratio is currently 71.43%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 currently 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.