Taitron Components (NASDAQ:TAIT) Stock Crosses Below 200-Day Moving Average of $3.31

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.31 and traded as low as $3.16. Taitron Components shares last traded at $3.16, with a volume of 4,769 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com assumed coverage on Taitron Components in a report on Wednesday, April 24th. They issued a “hold” rating for the company. TheStreet cut Taitron Components from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th.

Taitron Components Stock Performance

The stock has a market cap of $19.02 million, a price-to-earnings ratio of 9.88 and a beta of 0.85. The company has a 50-day moving average of $3.20 and a 200-day moving average of $3.31.

Taitron Components (NASDAQ:TAIT) last issued its quarterly earnings results on Monday, April 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $0.97 million for the quarter. Taitron Components had a return on equity of 10.97% and a net margin of 30.21%.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.33%. The ex-dividend date was Thursday, February 15th. Taitron Components’s payout ratio is 62.50%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Kestra Private Wealth Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 11,544 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned 0.19% of Taitron Components at the end of the most recent quarter. Hedge funds and other institutional investors own 18.09% of the company’s stock.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.