Taitron Components (NASDAQ:TAIT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Taitron Components Incorporated (NASDAQ:TAIT) passed 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.

Wall Street Analyst Weigh In

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

Taitron Components Stock Performance

The business’s 50-day moving average is $2.58 and its 200-day moving average is $2.69. The company has a market capitalization of $15.29 million, a PE ratio of 11.04 and a beta of 0.43.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 7.87%. Taitron Components’s payout ratio is 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by hedge funds and other institutional investors.

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. 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.