Taitron Components (NASDAQ:TAIT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as low as $1.47. Taitron Components shares last traded at $1.57, with a volume of 29,784 shares trading hands.

Wall Street Analyst Weigh In

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

Taitron Components Stock Performance

The company has a market capitalization of $9.45 million, a PE ratio of -9.81 and a beta of 0.43. The stock has a fifty day moving average of $1.28 and a 200 day moving average of $1.97.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Taitron Components had a negative net margin of 27.42% and a negative return on equity of 6.18%. The company had revenue of $0.53 million for the quarter.

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Friday, November 14th. Taitron Components’s payout ratio is currently -87.50%.

Institutional Inflows and Outflows

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

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.