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

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.08 and traded as low as $1.12. Taitron Components shares last traded at $1.2034, with a volume of 20,508 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Taitron Components presently has an average rating of “Sell”.

Taitron Components Stock Up 0.5%

The company’s 50-day moving average is $1.64 and its two-hundred day moving average is $2.07. The company has a market cap of $7.29 million, a P/E ratio of -7.56 and a beta of 0.46.

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

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend was Friday, November 14th. Taitron Components’s dividend payout ratio is -87.50%.

Institutional Trading of Taitron Components

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

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.