Taitron Components (NASDAQ:TAIT) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.81 and traded as low as $1.59. Taitron Components shares last traded at $1.59, with a volume of 1,086 shares traded.

Taitron Components Price Performance

The business’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.81. The stock has a market capitalization of $9.27 million, a PE ratio of -9.63 and a beta of 0.40.

Taitron Components Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 9.1%. The ex-dividend date was Friday, February 13th. Taitron Components’s dividend payout ratio is presently -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 purchased a new position 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 Securities and Exchange Commission (SEC). The firm purchased 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components as of its most recent filing with the Securities and Exchange Commission (SEC). 18.09% of the stock is currently owned by institutional investors and hedge funds.

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.