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

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

Taitron Components Price Performance

Taitron Components stock opened at $2.84 on Friday. The stock has a market capitalization of $17.09 million, a PE ratio of 10.92 and a beta of 0.49. Taitron Components has a 12 month low of $2.57 and a 12 month high of $3.61. The business has a 50 day simple moving average of $2.87 and a 200-day simple moving average of $2.88.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. The business had revenue of $1.22 million during the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

Taitron Components Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date is Friday, November 15th. Taitron Components’s dividend payout ratio is presently 76.92%.

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.