Taitron Components (NASDAQ:TAIT) Share Price Passes Below 200 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 $2.17 and traded as low as $1.10. Taitron Components shares last traded at $1.16, with a volume of 16,115 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Taitron Components presently has a consensus rating of “Sell”.

Taitron Components Trading Up 2.7%

The firm has a fifty day moving average of $1.99 and a two-hundred day moving average of $2.17. The company has a market cap of $6.98 million, a PE ratio of -7.25 and a beta of 0.46.

Taitron Components (NASDAQ:TAIT) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The business had revenue of $0.53 million for the quarter. Taitron Components had a negative net margin of 27.42% and a negative return on equity of 6.18%.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Friday, November 14th. Taitron Components’s payout ratio is currently -87.50%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Virtu Financial LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 18.09% of the company’s stock.

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.