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

Posted by Bonnie Powley on Apr 6th, 2025

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a research report report published on Thursday. The firm issued a hold rating on the stock.

Taitron Components Stock Down 3.3 %

NASDAQ:TAIT opened at $2.22 on Thursday. The business’s 50-day simple moving average is $2.56 and its two-hundred day simple moving average is $2.67. Taitron Components has a 52 week low of $2.16 and a 52 week high of $3.24. The stock has a market cap of $13.34 million, a PE ratio of 9.63 and a beta of 0.38.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 dividend on an annualized basis and a yield of 9.03%. Taitron Components’s dividend payout ratio is presently 86.96%.

Institutional Investors 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 – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is owned by institutional investors and hedge funds.

Taitron Components Company Profile

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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.