Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Taitron Components in a research note on Friday. They issued a “hold” rating for the company.
Taitron Components Trading Down 1.3 %
Taitron Components (NASDAQ:TAIT – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. The firm had revenue of $1.22 million for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%.
Taitron Components Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date was Friday, August 16th. Taitron Components’s dividend payout ratio is 71.43%.
Institutional Trading of Taitron Components
An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned approximately 4.39% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
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