Taitron Components (NASDAQ:TAIT) Stock Crosses Below 200-Day Moving Average – What’s Next?

Taitron Components Incorporated (NASDAQ:TAIT) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.12 and traded as low as $1.17. Taitron Components shares last traded at $1.18, with a volume of 7,919 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Taitron Components in a research report 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 a consensus rating of “Sell”.

Taitron Components Stock Performance

The firm has a market capitalization of $7.10 million, a PE ratio of -7.38 and a beta of 0.46. The firm’s 50 day moving average price is $1.82 and its 200-day moving average price is $2.12.

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 return on equity of 6.18% and a negative net margin of 27.42%.The business had revenue of $0.53 million during the quarter.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.035 per share. The ex-dividend date was Friday, November 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 11.9%. Taitron Components’s dividend payout ratio (DPR) is -87.50%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components as of its most recent SEC filing. Institutional investors and hedge funds 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. 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.