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

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note published on Sunday morning. The firm issued a hold rating on the stock.

Taitron Components Stock Performance

Shares of TAIT opened at $2.65 on Friday. The stock has a 50-day moving average of $2.70 and a two-hundred day moving average of $2.80. The stock has a market cap of $15.96 million, a P/E ratio of 11.52 and a beta of 0.47. Taitron Components has a one year low of $2.52 and a one year high of $3.55.

Taitron Components Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 7.55%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

About Taitron Components

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.