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

Taitron Components Incorporated (NASDAQ:TAIT)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.87 and traded as low as $1.53. Taitron Components shares last traded at $1.54, with a volume of 6,783 shares changing hands.

Taitron Components Price Performance

The firm has a 50-day moving average of $1.50 and a 200-day moving average of $1.87. The stock has a market cap of $9.27 million, a PE ratio of -9.63 and a beta of 0.44.

Taitron Components Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors 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 yield of 9.1%. The ex-dividend date of this dividend is Friday, February 13th. Taitron Components’s dividend payout ratio (DPR) is presently -87.50%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Susquehanna International Group LLP acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned about 0.17% of Taitron Components as of its most recent SEC filing. 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.