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

Posted by Jon Anderson on Jan 30th, 2025

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT – Free Report) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

Taitron Components Price Performance

NASDAQ:TAIT opened at $2.61 on Wednesday. The firm has a 50-day moving average of $2.62 and a two-hundred day moving average of $2.78. The stock has a market cap of $15.71 million, a P/E ratio of 11.35 and a beta of 0.47. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.34.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date was Friday, November 15th. Taitron Components’s payout ratio is 86.96%.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 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

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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.