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

Taitron Components Incorporated (NASDAQ:TAIT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.75 and traded as low as $2.61. Taitron Components shares last traded at $2.65, with a volume of 1,899 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Taitron Components in a report on Saturday. They issued a “hold” rating for the company.

Taitron Components Price Performance

The stock has a market capitalization of $15.92 million, a P/E ratio of 11.50 and a beta of 0.47. The stock’s fifty day moving average is $2.60 and its 200-day moving average is $2.75.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Friday, February 14th. Taitron Components’s dividend payout ratio is 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by hedge funds and other institutional investors.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.