Taitron Components (TAIT) Stock Price, News & Analysis

Company Overview

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. It serves other electronic distributors, CEMs, and OEMs in the United States, South Korea, China, Taiwan, and internationally. The company has strategic allies with Teamforce Co. Ltd.; Grand Shine Management; and Zowie Technology Corporation. Taitron Components Incorporated was incorporated in 1989 and is headquartered in Valencia, California.

Key Stats

• Today's Range: $2.66 to $2.74
• 50-Day Range: $2.57 to $2.96
• 52-Week Range: $2.52 to $3.61
• Volume: 18,133 shs
• Average Volume: 13,323 shs
• Market Capitalization: $16.49 million
• P/E Ratio: 11.91
• Dividend Yield: 7.30%
• Price Target: N/A
• Consensus Rating: N/A

Taitron Components Stock Analysis - MarketRank™

Taitron Components scored higher than 46% of companies evaluated by MarketBeat, and ranked 142nd out of 209 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Taitron Components.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Taitron Components is 11.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Taitron Components is 11.91, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 116.65.

Price to Book Value per Share Ratio

Taitron Components has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.25% of the float of Taitron Components has been sold short.

Short Interest Ratio / Days to Cover

Taitron Components has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Taitron Components has recently increased by 185.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Taitron Components is a leading dividend payer. It pays a dividend yield of 7.49%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Taitron Components does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Taitron Components is 86.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.25% of the float of Taitron Components has been sold short.

Short Interest Ratio / Days to Cover

Taitron Components has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Taitron Components has recently increased by 185.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: -0.50

News Sentiment

Taitron Components has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Taitron Components this week, compared to 0 articles on an average week.

Search Interest

3 people have searched for TAIT on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Taitron Components to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Taitron Components insiders have not sold or bought any company stock.

Percentage Held by Insiders

60.53% of the stock of Taitron Components is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 18.09% of the stock of Taitron Components is held by institutions.

TAIT Stock Analysis - Frequently Asked Questions

How have TAIT shares performed this year?

Taitron Components' stock was trading at $3.53 at the start of the year. Since then, TAIT stock has decreased by 22.4% and is now trading at $2.74.
View the best growth stocks for 2024 here.

Does Taitron Components have any subsidiaries?

The following companies are subsidiaries of Taitron Components: Taitron Components Incorporated e Representações do Brasil LTDA, Taitron Components Mexico S.A. de C.V., Taitron Components Taiwan Branch (U.S.A.), Taitron (Yangzhou) Electronic Co. Ltd., Taitron (Yangzhou) Electronic Trade Co. Ltd., and Taitron (Yangzhou) Electronic Trade Co. Ltd. Shanghai Branch.

Who are Taitron Components' major shareholders?

Top institutional shareholders of Taitron Components include Noesis Capital Mangement Corp (3.58%).
View institutional ownership trends.

How do I buy shares of Taitron Components?

Shares of TAIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Taitron Components own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Taitron Components investors own include Riot Platforms (RIOT), Enterprise Products Partners (EPD), Allena Pharmaceuticals (ALNA), Ocugen (OCGN), OPKO Health (OPK), Pfizer (PFE) and Tonix Pharmaceuticals (TNXP).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Ex-Dividend for 11/27 Dividend: 11/15/2024
• Today: 11/27/2024
• Dividend Payable: 11/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Electronic parts & equipment, not elsewhere classified
• Sub-Industry: Wholesale
• Current Symbol: NASDAQ:TAIT
• CUSIP: N/A
• CIK: 942126
• Web: www.taitroncomponents.com
• Phone: (661) 257-6060
• Fax: 661-257-6415
• Employees: 10
• Year Founded: 1989

Profitability

• EPS (Most Recent Fiscal Year): $0.23
• Trailing P/E Ratio: 11.91
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.85 million
• Net Margins: 30.95%
• Pretax Margin: 37.67%
• Return on Equity: 7.87%
• Return on Assets: 7.34%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 8.82
• Quick Ratio: 6.84

Sales & Book Value

• Annual Sales: $6.11 million
• Price / Sales: 2.70
• Cash Flow: $0.34 per share
• Price / Cash Flow: 7.99
• Book Value: $2.85 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 6,020,000
• Free Float: 2,376,000
• Market Cap: $16.49 million
• Optionable: Not Optionable
• Beta: 0.49