Taitron Components (NASDAQ:TAIT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.69 and traded as low as $2.53. Taitron Components shares last traded at $2.54, with a volume of 2,433 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Wednesday. They set a “hold” rating on the stock.

Taitron Components Stock Performance

The stock has a fifty day simple moving average of $2.58 and a 200 day simple moving average of $2.69. The firm has a market cap of $15.29 million, a P/E ratio of 11.04 and a beta of 0.43.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date was Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) is 86.96%.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors and hedge funds.

About Taitron Components

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.