Taitron Components (NASDAQ:TAIT) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Taitron Components Incorporated (NASDAQ:TAIT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.59 and traded as low as $1.56. Taitron Components shares last traded at $1.68, with a volume of 9,003 shares trading hands.

Taitron Components Stock Performance

The stock has a market capitalization of $10.12 million, a PE ratio of -10.50 and a beta of 0.51. The firm has a 50 day moving average of $1.59 and a 200-day moving average of $1.54.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 8.3%. The ex-dividend date was Friday, May 15th. Taitron Components’s dividend payout ratio is currently -175.00%.

Hedge Funds Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP acquired a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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. Institutional investors and hedge funds 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.