Taitron Components (NASDAQ:TAIT) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Taitron Components Incorporated (NASDAQ:TAIT) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.89 and traded as high as $2.13. Taitron Components shares last traded at $2.10, with a volume of 3,967 shares traded.

Taitron Components Stock Performance

The business’s 50-day moving average price is $1.90 and its 200 day moving average price is $1.69. The company has a market cap of $12.54 million, a P/E ratio of -13.01 and a beta of 0.52.

Taitron Components Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.04 per share. The ex-dividend date was Friday, August 14th. This is an increase from Taitron Components’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a yield of 7.7%. Taitron Components’s dividend payout ratio is 228.57%.

About Taitron Components

Taitron Components Incorporated (NASDAQ: TAIT) is a distributor and manufacturer of electronic components, with a focus on discrete semiconductor products. The company supplies components used in consumer electronics, industrial equipment, telecommunications, automotive applications and other electronic systems.

Its product portfolio includes transistors, rectifiers, diodes, bridge rectifiers, MOSFETs, voltage regulators, LED-related devices and other semiconductor components. Taitron also offers selected products under its own brand and works with customers on sourcing, component selection and other value-added distribution services.

Founded in 1989, Taitron is headquartered in Irvine, California, and serves customers through supplier and distribution relationships in the United States and Asia.