Taitron Components (NASDAQ:TAIT) Posts Earnings Results

Taitron Components (NASDAQ:TAIT) released its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Taitron Components had a negative return on equity of 4.12% and a negative net margin of 15.92%.The firm had revenue of $0.53 million for the quarter.

Taitron Components Price Performance

Shares of NASDAQ:TAIT traded down $0.03 during trading on Friday, hitting $2.10. 183,522 shares of the company were exchanged, compared to its average volume of 142,194. The firm’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.29. Taitron Components has a 12-month low of $2.01 and a 12-month high of $5.10. The stock has a market capitalization of $12.64 million, a P/E ratio of -19.09 and a beta of 0.49.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.14 dividend on an annualized basis and a yield of 6.7%. Taitron Components’s dividend payout ratio (DPR) is presently -127.27%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 18.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Taitron Components in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.