Taitron Components (NASDAQ:TAIT) Stock Passes Below 200 Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.89 and traded as low as $1.62. Taitron Components shares last traded at $1.70, with a volume of 7,100 shares trading hands.

Taitron Components Price Performance

The firm’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.89. The firm has a market cap of $10.24 million, a price-to-earnings ratio of -10.63 and a beta of 0.45.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Friday, February 13th. Taitron Components’s dividend payout ratio is -87.50%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned 0.17% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 18.09% of the company’s stock.

About Taitron Components

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.