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

Posted by Maria Luz-Campos on Jan 30th, 2025

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a report released on Wednesday. The firm issued a hold rating on the stock.

Taitron Components Trading Up 0.4 %

NASDAQ:TAIT opened at $2.61 on Wednesday. The stock has a 50 day moving average of $2.62 and a 200-day moving average of $2.78. The firm has a market capitalization of $15.71 million, a PE ratio of 11.35 and a beta of 0.47. Taitron Components has a 52 week low of $2.52 and a 52 week high of $3.34.

Taitron Components Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date was Friday, November 15th. Taitron Components’s payout ratio is 86.96%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

(Get Free Report)

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.