StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

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

Taitron Components Trading Up 0.8 %

Shares of NASDAQ:TAIT opened at $2.59 on Friday. The company has a 50-day moving average price of $2.72 and a 200-day moving average price of $2.80. The company has a market cap of $15.59 million, a price-to-earnings ratio of 11.26 and a beta of 0.47. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.55.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.72%. Taitron Components’s dividend payout ratio is presently 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.