Taitron Components (NASDAQ:TAIT) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Taitron Components Incorporated (NASDAQ:TAIT) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.59 and traded as high as $1.67. Taitron Components shares last traded at $1.59, with a volume of 669 shares trading hands.

Taitron Components Stock Performance

The stock has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.56. The stock has a market cap of $10.09 million, a price-to-earnings ratio of -10.47 and a beta of 0.51.

Taitron Components Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date was Friday, May 15th. Taitron Components’s payout ratio is currently -175.00%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new stake in Taitron Components stock. Virtu Financial LLC acquired a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is currently owned by institutional investors.

Taitron Components Company Profile

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.