Taitron Components (NASDAQ:TAIT) Shares Cross Below 200 Day Moving Average – Should You Sell?

Taitron Components Incorporated (NASDAQ:TAIT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.94 and traded as low as $1.70. Taitron Components shares last traded at $1.73, with a volume of 27,412 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Taitron Components in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Taitron Components Stock Performance

The stock has a market capitalization of $10.66 million, a PE ratio of -11.06 and a beta of 0.43. The business’s 50-day moving average is $1.31 and its two-hundred day moving average is $1.94.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The company had revenue of $0.53 million for the quarter. Taitron Components had a negative return on equity of 6.18% and a negative net margin of 27.42%.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Virtu Financial LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 quarter. 18.09% of the stock is currently owned by hedge funds and other 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.