Taitron Components (NASDAQ:TAIT) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Taitron Components Incorporated (NASDAQ:TAIT)’s share 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 changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Taitron Components in a report on Saturday. They set a “hold” rating on the stock.

Taitron Components Price Performance

The firm has a market cap of $15.92 million, a P/E ratio of 11.50 and a beta of 0.47. The firm’s 50 day moving average is $2.60 and its 200 day moving average is $2.75.

Taitron Components Dividend Announcement

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent reporting period. 18.09% of the stock is owned by 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.