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

StockNews.com assumed coverage on shares of Taitron Components (NASDAQ:TAIT) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Taitron Components Trading Up 1.7 %

TAIT opened at $2.91 on Thursday. Taitron Components has a 1-year low of $2.57 and a 1-year high of $3.65. The stock has a market capitalization of $17.52 million, a price-to-earnings ratio of 10.39 and a beta of 0.48. The business has a 50 day moving average of $2.89 and a 200-day moving average of $2.92.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. The business had revenue of $1.22 million during the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.05 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.87%. Taitron Components’s payout ratio is 71.43%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by institutional investors.

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.