Taitron Components (NASDAQ:TAIT) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Taitron Components Incorporated (NASDAQ:TAIT) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.54 and traded as high as $1.7007. Taitron Components shares last traded at $1.49, with a volume of 52,998 shares changing hands.

Taitron Components Trading Down 1.3%

The company has a market cap of $8.97 million, a P/E ratio of -9.31 and a beta of 0.40. The company has a 50 day moving average price of $1.54 and a 200-day moving average price of $1.84.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.14 annualized dividend and a yield of 9.4%. Taitron Components’s dividend payout ratio (DPR) is -87.50%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Susquehanna International Group LLP bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,180 shares of the company’s stock, valued at approximately $25,000. Susquehanna International Group LLP owned about 0.17% 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, 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.