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

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 $2.27 and traded as low as $2.10. Taitron Components shares last traded at $2.11, with a volume of 14,914 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Taitron Components in a research report on Wednesday, May 21st. They issued a “hold” rating for the company.

Taitron Components Trading Down 0.3%

The firm has a market capitalization of $12.73 million, a P/E ratio of -19.22 and a beta of 0.43. The business has a 50-day moving average of $2.17 and a 200 day moving average of $2.27.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%. The firm had revenue of $1.17 million during the quarter.

Taitron Components Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, August 15th. Taitron Components’s payout ratio is presently -127.27%.

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. 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.