StockNews.com Begins Coverage on Taitron Components (NASDAQ:TAIT)

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

Taitron Components Price Performance

NASDAQ TAIT opened at $2.59 on Monday. Taitron Components has a one year low of $2.52 and a one year high of $3.34. The business has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $2.79. The stock has a market capitalization of $15.59 million, a P/E ratio of 11.26 and a beta of 0.47.

Taitron Components Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s dividend payout ratio 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.