Taitron Components (NASDAQ:TAIT) Shares Cross Below 200 Day Moving Average – Here’s Why

Taitron Components Incorporated (NASDAQ:TAIT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.29 and traded as low as $2.12. Taitron Components shares last traded at $2.13, with a volume of 49,697 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Taitron Components currently has a consensus rating of “Sell”.

Taitron Components Trading Down 2.7%

The stock has a market cap of $12.82 million, a price-to-earnings ratio of -19.36 and a beta of 0.49. The stock’s 50 day moving average is $2.49 and its two-hundred day moving average is $2.29.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%. The business had revenue of $1.17 million during the quarter.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, November 14th. Taitron Components’s payout ratio is -127.27%.

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.