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

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

Taitron Components Price Performance

TAIT opened at $2.59 on Friday. Taitron Components has a one year low of $2.52 and a one year high of $3.55. The firm has a market capitalization of $15.59 million, a P/E ratio of 11.26 and a beta of 0.47. The company has a fifty day moving average price of $2.72 and a 200-day moving average price of $2.80.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s dividend payout ratio is currently 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.