Taitron Components (NASDAQ:TAIT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of 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 $1.56 and traded as low as $1.56. Taitron Components shares last traded at $1.60, with a volume of 10,190 shares trading hands.

Taitron Components Stock Performance

The stock has a market cap of $9.63 million, a P/E ratio of -10.00 and a beta of 0.47. The company has a 50-day simple moving average of $1.55 and a 200-day simple moving average of $1.56.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, May 15th. 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. Susquehanna International Group LLP acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is owned by institutional investors and hedge funds.

Taitron Components Company Profile

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.