Taitron Components (NASDAQ:TAIT) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Taitron Components Incorporated (NASDAQ:TAIT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.56 and traded as high as $1.64. Taitron Components shares last traded at $1.6383, with a volume of 26,021 shares changing hands.

Taitron Components Stock Performance

The company has a market capitalization of $9.86 million, a P/E ratio of -10.24 and a beta of 0.46. The firm has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $1.64.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was Friday, February 13th. Taitron Components’s dividend payout ratio is currently -87.50%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

About Taitron Components

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.