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

Taitron Components Incorporated (NASDAQ:TAIT) shares 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 trading hands.

Analysts Set New Price Targets

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

Taitron Components Stock Up 1.0 %

The stock’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.75. The firm has a market cap of $15.92 million, a price-to-earnings ratio of 11.50 and a beta of 0.47.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, February 14th. Taitron Components’s dividend payout ratio is currently 86.96%.

Institutional Trading of Taitron Components

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

Taitron Components Company Profile

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.