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

Posted by Brenda Bartman on Feb 7th, 2025

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.63 on Thursday. The company has a market cap of $15.81 million, a P/E ratio of 11.41 and a beta of 0.47. The stock has a 50-day moving average of $2.61 and a two-hundred day moving average of $2.77. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.34.

Taitron Components Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.62%. The ex-dividend date is Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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.

Taitron Components Company Profile

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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.