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 sent to investors on Saturday. The brokerage issued a hold rating on the stock.

Taitron Components Stock Up 0.4 %

TAIT stock opened at $2.57 on Friday. The stock has a market cap of $15.47 million, a PE ratio of 11.17 and a beta of 0.47. The firm’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $2.80. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.55.

Taitron Components Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.78%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

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.