Taitron Components (NASDAQ:TAIT) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Taitron Components Incorporated (NASDAQ:TAITGet Free Report)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.61 and traded as high as $1.73. Taitron Components shares last traded at $1.6940, with a volume of 393 shares traded.

Taitron Components Price Performance

The stock has a market capitalization of $10.30 million, a P/E ratio of -10.69 and a beta of 0.51. The firm has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.58.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Friday, May 15th. Taitron Components’s dividend payout ratio is currently -175.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP purchased a new position in Taitron Components Incorporated (NASDAQ:TAITFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period. Institutional investors own 18.09% of the company’s stock.

Taitron Components Company Profile

(Get Free Report)

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.

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