Taitron Components (NASDAQ:TAIT) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.25 and traded as low as $1.16. Taitron Components shares last traded at $1.22, with a volume of 78,517 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Taitron Components currently has an average rating of “Sell”.

Taitron Components Price Performance

The stock has a market capitalization of $7.35 million, a P/E ratio of -11.09 and a beta of 0.49. The stock’s 50-day simple moving average is $2.32 and its 200 day simple moving average is $2.25.

Taitron Components (NASDAQ:TAIT) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%. The company had revenue of $0.53 million during the quarter.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, November 14th. Taitron Components’s payout ratio is presently -87.50%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components as of its most recent filing with the SEC. 18.09% of the stock is owned by hedge funds and other institutional investors.

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.