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

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

Taitron Components Price Performance

TAIT stock opened at $3.45 on Wednesday. Taitron Components has a 12 month low of $3.35 and a 12 month high of $4.32. The firm has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $3.78.

Taitron Components (NASDAQ:TAIT) last released its quarterly earnings results on Monday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter. Taitron Components had a net margin of 24.11% and a return on equity of 11.20%. The business had revenue of $1.49 million for the quarter.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 5.79%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TAIT. Renaissance Technologies LLC increased its stake in Taitron Components by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after buying an additional 15,756 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Taitron Components in the 3rd quarter valued at approximately $41,000. Finally, Dimensional Fund Advisors LP increased its stake in Taitron Components by 13.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,232 shares of the company’s stock valued at $148,000 after buying an additional 4,668 shares during the period. Institutional investors and hedge funds own 15.32% of the company’s stock.

Taitron Components Company Profile

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.