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

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

Taitron Components Trading Up 0.8 %

Shares of TAIT opened at $2.61 on Friday. The firm’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $2.81. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.61. The stock has a market capitalization of $15.71 million, a P/E ratio of 11.35 and a beta of 0.47.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.66%. Taitron Components’s 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.