Taitron Components (NASDAQ:TAIT) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet cut shares of Taitron Components from a b- rating to a c+ rating in a report on Wednesday, February 7th.

Taitron Components Stock Performance

TAIT stock opened at $3.14 on Tuesday. Taitron Components has a one year low of $3.05 and a one year high of $4.32. The company has a market capitalization of $18.90 million, a PE ratio of 9.81 and a beta of 0.85. The company’s 50 day moving average price is $3.21 and its two-hundred day moving average price is $3.34.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Thursday, February 15th. Taitron Components’s dividend payout ratio is 62.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TAIT. Kestra Private Wealth Services LLC bought a new stake in Taitron Components in the third quarter valued at $41,000. Renaissance Technologies LLC boosted its holdings in Taitron Components by 5.2% in the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after acquiring an additional 15,756 shares in the last quarter. Vanguard Group Inc. lifted its position in Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after buying an additional 14,154 shares during the period. Dimensional Fund Advisors LP lifted its position in Taitron Components by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after buying an additional 2,979 shares during the period. Finally, Significant Wealth Partners LLC purchased a new position in Taitron Components during the fourth quarter valued at $637,000. Institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.