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

Taitron Components Incorporated (NASDAQ:TAIT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.92 and traded as low as $1.63. Taitron Components shares last traded at $1.67, with a volume of 12,354 shares changing hands.

Taitron Components Price Performance

The company’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.92. The company has a market capitalization of $10.06 million, a P/E ratio of -10.44 and a beta of 0.45.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data 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 firm had revenue of $0.53 million for the quarter.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, February 13th. Taitron Components’s dividend payout ratio (DPR) is -87.50%.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 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.