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 note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

Taitron Components Trading Up 2.2 %

Shares of NASDAQ:TAIT opened at $2.83 on Tuesday. The company has a 50 day moving average of $2.80 and a 200-day moving average of $3.04. The firm has a market cap of $17.04 million, a P/E ratio of 10.11 and a beta of 0.50. Taitron Components has a twelve month low of $2.57 and a twelve month high of $4.11.

Taitron Components (NASDAQ:TAIT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The company had revenue of $0.96 million for the quarter.

Taitron Components Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 7.07%. Taitron Components’s dividend payout ratio (DPR) is 71.43%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned about 3.03% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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. 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.