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

Taitron Components Incorporated (NASDAQ:TAIT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.61 and traded as high as $1.73. Taitron Components shares last traded at $1.6940, with a volume of 393 shares.

Taitron Components Trading Down 1.5%

The stock has a market cap of $10.20 million, a PE ratio of -10.59 and a beta of 0.51. The firm has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.58.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 8.3%. 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 position in Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Taitron Components as of its most recent filing with the SEC. Institutional investors and hedge funds own 18.09% of the company’s stock.

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.