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

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.75 and traded as low as $2.61. Taitron Components shares last traded at $2.65, with a volume of 1,899 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Taitron Components in a research note on Saturday. They issued a “hold” rating on the stock.

Taitron Components Stock Up 1.0 %

The business has a fifty day moving average of $2.60 and a 200 day moving average of $2.75. The company has a market cap of $15.92 million, a P/E ratio of 11.50 and a beta of 0.47.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.20 annualized dividend and a yield of 7.56%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by institutional investors.

About Taitron Components

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.