Taitron Components (NASDAQ:TAIT) Now Covered by StockNews.com

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

Separately, TheStreet downgraded shares of Taitron Components from a b- rating to a c+ rating in a research report on Wednesday, February 7th.

Taitron Components Trading Up 1.0 %

Shares of Taitron Components stock opened at $2.93 on Friday. The business has a 50-day moving average price of $3.14 and a two-hundred day moving average price of $3.25. Taitron Components has a 1-year low of $2.87 and a 1-year high of $4.32. The company has a market cap of $17.64 million, a P/E ratio of 10.46 and a beta of 0.72.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Monday, April 1st. The company reported $0.03 earnings per share for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The business had revenue of $0.97 million during the quarter.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.83%. Taitron Components’s dividend payout ratio is presently 71.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coulter & Justus Financial Services LLC bought a new stake in shares of Taitron Components during the first quarter valued at approximately $851,000. Significant Wealth Partners LLC acquired a new stake in Taitron Components in the 4th quarter valued at $637,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in Taitron Components in the 3rd quarter valued at $41,000. Institutional investors own 18.09% 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.