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

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

Taitron Components Stock Down 1.5 %

TAIT stock opened at $2.70 on Tuesday. The firm has a market cap of $16.25 million, a price-to-earnings ratio of 11.91 and a beta of 0.49. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.61. The company’s fifty day simple moving average is $2.84 and its 200 day simple moving average is $2.85.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.41%. Taitron Components’s dividend payout ratio is currently 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.