Taitron Components (NASDAQ:TAIT) Stock Price Crosses Below Two Hundred Day Moving Average of $3.34

Shares of Taitron Components Incorporated (NASDAQ:TAIT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.34 and traded as low as $3.15. Taitron Components shares last traded at $3.15, with a volume of 9,474 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. TheStreet downgraded Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. StockNews.com assumed coverage on Taitron Components in a research note on Tuesday. They issued a “hold” rating for the company.

Taitron Components Stock Performance

The company has a market cap of $18.84 million, a PE ratio of 9.78 and a beta of 0.85. The stock’s 50 day moving average price is $3.21 and its 200-day moving average price is $3.34.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was Thursday, February 15th. Taitron Components’s dividend payout ratio (DPR) is currently 62.50%.

Institutional Investors Weigh In On Taitron Components

A number of large investors have recently modified their holdings of TAIT. Dimensional Fund Advisors LP raised its stake in Taitron Components by 13.9% in the third quarter. Dimensional Fund Advisors LP now owns 38,232 shares of the company’s stock worth $148,000 after buying an additional 4,668 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after buying an additional 15,756 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Taitron Components during the 3rd quarter valued at about $41,000. Vanguard Group Inc. increased its holdings in shares of Taitron Components by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock worth $510,000 after buying an additional 14,154 shares during the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in Taitron Components in the fourth quarter worth $637,000. Institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.