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

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

Separately, TheStreet lowered Taitron Components from a b- rating to a c+ rating in a research report on Wednesday, February 7th.

Taitron Components Price Performance

TAIT opened at $3.18 on Wednesday. The stock’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.32. Taitron Components has a 1 year low of $3.05 and a 1 year high of $4.32. The firm has a market cap of $19.14 million, a price-to-earnings ratio of 9.94 and a beta of 0.85.

Taitron Components (NASDAQ:TAIT) last issued its quarterly earnings data on Monday, April 1st. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $0.97 million for the quarter. Taitron Components had a return on equity of 10.97% and a net margin of 30.21%.

Taitron Components Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were given a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.29%. Taitron Components’s dividend payout ratio is currently 62.50%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Significant Wealth Partners LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned approximately 3.03% of Taitron Components as of its most recent SEC filing. Hedge funds and other 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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.