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

Posted by ABMN Staff on Dec 29th, 2024

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

Taitron Components Price Performance

Shares of NASDAQ:TAIT opened at $2.57 on Friday. The stock has a market cap of $15.47 million, a price-to-earnings ratio of 11.17 and a beta of 0.47. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.55. The stock’s 50 day moving average price is $2.72 and its 200 day moving average price is $2.80.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. Taitron Components’s dividend payout ratio (DPR) is 86.96%.

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.