Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

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

Taitron Components Stock Performance

Shares of TAIT opened at $2.56 on Friday. The company has a market capitalization of $15.41 million, a P/E ratio of 11.13 and a beta of 0.47. The business’s 50-day moving average is $2.69 and its two-hundred day moving average is $2.79. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.55.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s payout ratio 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.