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

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

Taitron Components Trading Down 1.5 %

TAIT stock opened at $2.61 on Friday. The firm has a 50 day moving average of $2.60 and a 200-day moving average of $2.76. Taitron Components has a 12 month low of $2.52 and a 12 month high of $3.32. The firm has a market capitalization of $15.71 million, a P/E ratio of 11.35 and a beta of 0.47.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.66%. Taitron Components’s dividend payout ratio (DPR) is currently 86.96%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by hedge funds and other institutional investors.

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.