Taitron Components (NASDAQ:TAIT) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Taitron Components Incorporated (NASDAQ:TAIT) passed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Taitron Components Price Performance

The stock has a 50-day moving average of $1.54 and a 200-day moving average of $1.84. The firm has a market cap of $8.97 million, a price-to-earnings ratio of -9.31 and a beta of 0.40.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.035 per share. 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 is currently -87.50%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Virtu Financial LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,312 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.29% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is owned by institutional investors.

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.