Taitron Components (NASDAQ:TAIT) Stock Passes Below 200 Day Moving Average of $3.34

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TAIT shares. TheStreet cut 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 report on Tuesday. They issued a “hold” rating on the stock.

Taitron Components Stock Down 0.9 %

The firm has a market capitalization of $18.97 million, a price-to-earnings ratio of 9.84 and a beta of 0.85. The company has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.34.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 6.35%. Taitron Components’s dividend payout ratio is currently 62.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TAIT. Renaissance Technologies LLC raised its stake in Taitron Components by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after purchasing an additional 15,756 shares during the period. Significant Wealth Partners LLC bought a new stake in Taitron Components in the fourth quarter worth $637,000. Vanguard Group Inc. boosted its holdings in Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after acquiring an additional 14,154 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Taitron Components by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after acquiring an additional 2,979 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in Taitron Components during the third quarter valued at about $41,000. 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.