Taitron Components (NASDAQ:TAIT) Earns Hold Rating from Analysts at StockNews.com

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

Taitron Components Price Performance

Shares of TAIT stock opened at $2.70 on Tuesday. The firm’s 50-day simple moving average is $2.84 and its 200-day simple moving average is $2.85. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.61. The firm has a market cap of $16.28 million, a P/E ratio of 11.83 and a beta of 0.49.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.40%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Taitron Components Company Profile

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.