Taitron Components (NASDAQ:TAIT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.59 and traded as high as $1.67. Taitron Components shares last traded at $1.59, with a volume of 669 shares traded.

Taitron Components Stock Performance

The stock’s fifty day moving average price is $1.59 and its 200-day moving average price is $1.56. The firm has a market cap of $9.57 million, a PE ratio of -9.94 and a beta of 0.51.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Friday, May 15th. Taitron Components’s dividend payout ratio (DPR) is presently -175.00%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Virtu Financial LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is owned by hedge funds and other institutional investors.

About Taitron Components

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.