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

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.

Taitron Components Stock Performance

TAIT stock opened at $2.61 on Friday. Taitron Components has a 52-week low of $2.52 and a 52-week high of $3.61. The company has a market capitalization of $15.71 million, a P/E ratio of 11.35 and a beta of 0.47. The company has a fifty day moving average price of $2.76 and a 200-day moving average price of $2.81.

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.66%. 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.