Taitron Components (NASDAQ:TAIT) Shares Pass Below 200-Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.87 and traded as low as $1.53. Taitron Components shares last traded at $1.54, with a volume of 6,783 shares traded.

Taitron Components Price Performance

The company has a market cap of $9.27 million, a P/E ratio of -9.63 and a beta of 0.44. The firm’s 50-day moving average is $1.50 and its two-hundred day moving average is $1.87.

Taitron Components Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 9.1%. Taitron Components’s payout ratio is currently -87.50%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Susquehanna International Group LLP purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned about 0.17% of Taitron Components at the end of the most recent quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

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.