Taitron Components’ (TAIT) Sell (D+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d+) rating on shares of Taitron Components (NASDAQ:TAIT) in a report issued on Wednesday,Weiss Ratings reports.

Taitron Components Stock Down 3.5%

Taitron Components stock opened at $2.45 on Wednesday. The company’s fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.28. Taitron Components has a 12 month low of $2.01 and a 12 month high of $5.10. The stock has a market cap of $14.75 million, a P/E ratio of -22.27 and a beta of 0.48.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%. The company had revenue of $1.17 million for the quarter.

Taitron Components Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.035 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.14 dividend on an annualized basis and a yield of 5.7%. Taitron Components’s dividend payout ratio is currently -127.27%.

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.