StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

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

Taitron Components Trading Up 0.8 %

Shares of NASDAQ:TAIT opened at $2.56 on Wednesday. The firm’s 50 day moving average is $2.58 and its two-hundred day moving average is $2.69. The firm has a market capitalization of $15.41 million, a P/E ratio of 11.13 and a beta of 0.43. Taitron Components has a 52 week low of $2.48 and a 52 week high of $3.30.

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend was Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) 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 acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is owned by institutional investors and hedge funds.

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.