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

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

Taitron Components Stock Up 1.0 %

NASDAQ TAIT opened at $2.65 on Friday. The stock’s 50-day simple moving average is $2.60 and its two-hundred day simple moving average is $2.75. Taitron Components has a twelve month low of $2.52 and a twelve month high of $3.32. The company has a market capitalization of $15.92 million, a price-to-earnings ratio of 11.50 and a beta of 0.47.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.56%. The ex-dividend date is Friday, February 14th. Taitron Components’s dividend payout ratio is currently 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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. 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.