StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

StockNews.com initiated coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Taitron Components Stock Up 1.3 %

NASDAQ TAIT opened at $2.64 on Monday. 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 $15.89 million, a P/E ratio of 11.48 and a beta of 0.49. The stock’s 50-day moving average price is $2.85 and its 200-day moving average price is $2.86.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Friday, November 15th. Taitron Components’s dividend payout ratio (DPR) is 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.