Taitron Components (NASDAQ:TAIT) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Taitron Components Incorporated (NASDAQ:TAIT) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.69 and traded as low as $2.53. Taitron Components shares last traded at $2.54, with a volume of 2,433 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Taitron Components in a report on Wednesday. They set a “hold” rating on the stock.

Taitron Components Price Performance

The firm has a market capitalization of $15.53 million, a P/E ratio of 11.22 and a beta of 0.43. The firm’s 50 day moving average is $2.58 and its two-hundred day moving average is $2.69.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 7.75%. Taitron Components’s dividend payout ratio is presently 86.96%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by institutional investors and hedge funds.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.