Taitron Components (NASDAQ:TAIT) Stock Crosses Below 200 Day Moving Average – What’s Next?

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.91 and traded as low as $2.73. Taitron Components shares last traded at $2.82, with a volume of 15,548 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Taitron Components in a report on Friday. They issued a “hold” rating on the stock.

Taitron Components Price Performance

The stock has a market cap of $16.86 million, a price-to-earnings ratio of 10.00 and a beta of 0.48. The stock’s 50-day moving average is $2.88 and its 200-day moving average is $2.91.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $1.22 million for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend was Friday, August 16th. Taitron Components’s dividend payout ratio (DPR) is 71.43%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components as of its most recent SEC filing. Hedge funds and other institutional investors 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.