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

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

Taitron Components Stock Down 0.4 %

TAIT stock opened at $2.64 on Thursday. The stock’s 50 day moving average is $2.79 and its 200-day moving average is $2.82. Taitron Components has a twelve month low of $2.52 and a twelve month high of $3.61. The firm has a market capitalization of $15.89 million, a PE ratio of 11.48 and a beta of 0.47.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.58%. Taitron Components’s payout ratio is 86.96%.

Taitron Components Company Profile

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.