Taitron Components (NASDAQ:TAIT) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Taitron Components Incorporated (NASDAQ:TAIT)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.61 and traded as high as $1.73. Taitron Components shares last traded at $1.6940, with a volume of 393 shares traded.

Taitron Components Stock Performance

The business’s 50-day moving average is $1.61 and its 200-day moving average is $1.58. The company has a market capitalization of $10.20 million, a PE ratio of -10.59 and a beta of 0.51.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.3%. Taitron Components’s dividend payout ratio (DPR) is currently -175.00%.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC purchased a new position in Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components as of its most recent SEC filing. 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.