Taitron Components (NASDAQ:TAIT) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.79 and traded as low as $1.55. Taitron Components shares last traded at $1.55, with a volume of 959 shares.

Taitron Components Stock Performance

The stock has a market cap of $9.51 million, a P/E ratio of -9.88 and a beta of 0.40. The stock’s fifty day moving average is $1.61 and its 200 day moving average is $1.78.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.035 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.9%. Taitron Components’s payout ratio is -87.50%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Susquehanna International Group LLP acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned 0.17% of Taitron Components as of its most recent SEC filing. Institutional investors and hedge funds own 18.09% of the company’s stock.

Taitron Components Company Profile

Taitron Components, Inc is a distributor of electronic components serving original equipment manufacturers (OEMs) and contract manufacturers. The company offers a broad range of passive, active and electromechanical components, including capacitors, resistors, inductors, connectors and circuit protection devices, as well as semiconductors, diodes, transistors and optoelectronic products.

In addition to its standard distribution services, Taitron provides value-added offerings such as inventory management, consignment programs, kitting, testing and drop-ship services.