Taitron Components (NASDAQ:TAIT) Research Coverage Started at StockNews.com

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

Taitron Components Trading Up 1.5 %

Taitron Components stock opened at $2.68 on Thursday. Taitron Components has a 52 week low of $2.52 and a 52 week high of $3.61. The stock has a market cap of $16.13 million, a price-to-earnings ratio of 11.65 and a beta of 0.47. The company’s 50-day moving average price is $2.78 and its two-hundred day moving average price is $2.82.

Taitron Components Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s payout ratio is currently 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.