Taitron Components (NASDAQ:TAIT) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.54 and traded as high as $1.7007. Taitron Components shares last traded at $1.49, with a volume of 52,998 shares changing hands.

Taitron Components Trading Down 1.3%

The firm has a market capitalization of $9.21 million, a price-to-earnings ratio of -9.56 and a beta of 0.40. The stock’s 50-day moving average is $1.55 and its 200-day moving average is $1.83.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.14 annualized dividend and a dividend yield of 9.2%. Taitron Components’s dividend payout ratio (DPR) is -87.50%.

Hedge Funds 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 shares of Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% 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.