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. It 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. The company serves other electronic distributors, CEMs, and OEMs in the United States, South Korea, China, Taiwan, and internationally. It has strategic allies with Teamforce Co. Ltd.; Grand Shine Management; and Zowie Technology Corporation. The company was incorporated in 1989 and is headquartered in Valencia, California.
Taitron Components Trading Down 0.4 %
Shares of NASDAQ:TAIT opened at $4.17 on Thursday. The stock has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $3.67. The stock has a market capitalization of $24.49 million, a price-to-earnings ratio of 10.72 and a beta of 1.17. Taitron Components has a 12-month low of $3.16 and a 12-month high of $4.97.
Taitron Components (NASDAQ:TAIT - Get Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $1.55 million during the quarter. Taitron Components had a return on equity of 12.26% and a net margin of 45.13%.
Taitron Components Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 12th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Thursday, August 11th.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Taitron Components in a research note on Wednesday. They set a "hold" rating for the company.