Taitron Components (NASDAQ:TAIT) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Taitron Components Incorporated (NASDAQ:TAIT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.51 and traded as low as $1.51. Taitron Components shares last traded at $1.51, with a volume of 1,607 shares.

Taitron Components Price Performance

The company has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.51. The firm has a market cap of $9.93 million, a PE ratio of -10.31 and a beta of 0.50.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Friday, May 15th. Taitron Components’s payout ratio is currently -175.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 reporting period. Institutional investors 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.