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

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Separately, TheStreet lowered Taitron Components from a b- rating to a c+ rating in a research note on Wednesday, February 7th.

Taitron Components Trading Up 0.6 %

Shares of TAIT stock opened at $3.18 on Wednesday. The business’s 50-day moving average price is $3.21 and its 200-day moving average price is $3.32. Taitron Components has a 12 month low of $3.05 and a 12 month high of $4.32. The firm has a market capitalization of $19.14 million, a price-to-earnings ratio of 9.94 and a beta of 0.85.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.03 EPS for the quarter. Taitron Components had a return on equity of 10.97% and a net margin of 30.21%. The firm had revenue of $0.97 million for the quarter.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Thursday, February 15th. Taitron Components’s dividend payout ratio is currently 62.50%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Kestra Private Wealth Services LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned 0.19% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by institutional investors.

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.