Taitron Components (NASDAQ:TAIT) Shares Cross Below 200-Day Moving Average – What’s Next?

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.46 and traded as low as $2.17. Taitron Components shares last traded at $2.20, with a volume of 4,529 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on Taitron Components in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

Taitron Components Stock Down 1.8%

The business has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $2.46. The company has a market capitalization of $13.24 million, a price-to-earnings ratio of 9.56 and a beta of 0.38.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter. Taitron Components had a return on equity of 7.87% and a net margin of 30.95%. The firm had revenue of $1.08 million for the quarter.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.20 annualized dividend and a yield of 9.10%. Taitron Components’s dividend payout ratio (DPR) is currently 86.96%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% 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 Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.