Taitron Components (NASDAQ:TAIT) Shares Cross Below 200 Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.79 and traded as low as $1.55. Taitron Components shares last traded at $1.55, with a volume of 959 shares.

Taitron Components Stock Down 3.7%

The company has a market cap of $9.33 million, a P/E ratio of -9.69 and a beta of 0.40. The business has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.79.

Taitron Components Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend was Friday, February 13th. Taitron Components’s dividend payout ratio (DPR) is currently -87.50%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Virtu Financial LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% of Taitron Components at the end of the most recent quarter. Institutional investors and hedge funds own 18.09% of the company’s stock.

Taitron Components Company Profile

Taitron Components, Inc is a distributor of electronic components serving original equipment manufacturers (OEMs) and contract manufacturers. The company offers a broad range of passive, active and electromechanical components, including capacitors, resistors, inductors, connectors and circuit protection devices, as well as semiconductors, diodes, transistors and optoelectronic products.

In addition to its standard distribution services, Taitron provides value-added offerings such as inventory management, consignment programs, kitting, testing and drop-ship services.