Taitron Components (NASDAQ:TAIT) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?
by Scott Moore · The Cerbat GemTaitron Components Incorporated (NASDAQ:TAIT – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.56 and traded as high as $1.64. Taitron Components shares last traded at $1.6383, with a volume of 26,021 shares trading hands.
Taitron Components Stock Performance
The business’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.63. The firm has a market capitalization of $9.69 million, a PE ratio of -10.06 and a beta of 0.46.
Taitron Components Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Friday, February 13th. Taitron Components’s payout ratio is -87.50%.
Institutional Investors Weigh In On Taitron Components
A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned approximately 0.17% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. 18.09% of the stock is currently owned by 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.