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

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

Taitron Components Stock Down 0.8 %

NASDAQ:TAIT opened at $2.59 on Friday. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.32. The company’s 50-day moving average price is $2.60 and its two-hundred day moving average price is $2.75. The firm has a market cap of $15.59 million, a PE ratio of 11.26 and a beta of 0.47.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.72%. Taitron Components’s payout ratio is 86.96%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by hedge funds and other 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. 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.