Taitron Components (NASDAQ:TAIT) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.52 and traded as low as $1.47. Taitron Components shares last traded at $1.51, with a volume of 8,874 shares.

Taitron Components Price Performance

The company’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.51. The firm has a market capitalization of $9.33 million, a PE ratio of -9.69 and a beta of 0.47.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Friday, May 15th. Taitron Components’s payout ratio is presently -107.69%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake 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 filing 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 at the end of the most recent quarter. 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.