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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report released on Tuesday. The firm issued a hold rating on the stock.

Taitron Components Trading Up 1.3 %

NASDAQ:TAIT opened at $2.74 on Tuesday. The firm has a market cap of $16.49 million, a P/E ratio of 11.91 and a beta of 0.49. The stock’s 50 day simple moving average is $2.84 and its 200-day simple moving average is $2.85. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.61.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s payout ratio is currently 86.96%.

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.