Taitron Components (NASDAQ:TAIT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report released on Wednesday morning. The brokerage issued a hold rating on the stock.

Separately, TheStreet lowered Taitron Components from a b- rating to a c+ rating in a report on Wednesday, February 7th.

Taitron Components Trading Up 0.3 %

TAIT opened at $3.17 on Wednesday. The stock’s fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.32. Taitron Components has a 1-year low of $3.05 and a 1-year high of $4.32. The stock has a market cap of $19.08 million, a PE ratio of 9.91 and a beta of 0.85.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Monday, April 1st. The company reported $0.03 EPS for the quarter. The business had revenue of $0.97 million during the quarter. Taitron Components had a net margin of 30.21% and a return on equity of 10.97%.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Thursday, February 15th. Taitron Components’s dividend payout ratio is currently 62.50%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Significant Wealth Partners LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned 3.03% of Taitron Components at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.