Taitron Components (NASDAQ:TAIT) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Taitron Components Incorporated (NASDAQ:TAIT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.51 and traded as low as $1.51. Taitron Components shares last traded at $1.51, with a volume of 1,607 shares changing hands.

Taitron Components Stock Down 3.0%

The firm has a market capitalization of $9.09 million, a price-to-earnings ratio of -9.44 and a beta of 0.50. The stock’s fifty day moving average is $1.58 and its two-hundred day moving average is $1.51.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, May 15th. Taitron Components’s dividend payout ratio (DPR) is -175.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned about 0.17% of Taitron Components as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.