Taitron Components (NASDAQ:TAIT) Share Price Crosses Below 200-Day Moving Average of $3.22

Taitron Components Incorporated (NASDAQ:TAITGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.22 and traded as low as $2.76. Taitron Components shares last traded at $2.79, with a volume of 18,401 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Monday, June 3rd. They set a “hold” rating on the stock.

Read Our Latest Research Report on Taitron Components

Taitron Components Price Performance

The company has a 50 day simple moving average of $3.08 and a 200-day simple moving average of $3.22. The firm has a market cap of $16.80 million, a PE ratio of 9.96 and a beta of 0.54.

Taitron Components (NASDAQ:TAITGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 9.65% and a net margin of 32.80%. The business had revenue of $0.96 million for the quarter.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend was Thursday, May 16th. Taitron Components’s dividend payout ratio is 71.43%.

Institutional Trading of Taitron Components

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in Taitron Components during the 3rd quarter valued at $41,000. Significant Wealth Partners LLC bought a new stake in shares of Taitron Components in the fourth quarter worth $637,000. Finally, Coulter & Justus Financial Services LLC purchased a new stake in Taitron Components during the first quarter valued at $851,000. 18.09% of the stock is currently owned by institutional investors.

About Taitron Components

(Get Free Report)

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.

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