Taitron Components (NASDAQ:TAIT) Stock Passes Below 200 Day Moving Average – Here’s Why

Taitron Components Incorporated (NASDAQ:TAIT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.81 and traded as low as $1.59. Taitron Components shares last traded at $1.59, with a volume of 1,086 shares.

Taitron Components Stock Up 3.9%

The firm’s fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.81. The company has a market cap of $9.57 million, a PE ratio of -9.94 and a beta of 0.40.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.14 dividend on an annualized basis and a yield of 8.8%. Taitron Components’s dividend payout ratio is presently -87.50%.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Susquehanna International Group LLP purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned about 0.17% of Taitron Components as of its most recent SEC filing. Hedge funds and other institutional investors 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.