Taitron Components (NASDAQ:TAIT) Stock Price Crosses Below 200 Day Moving Average of $0.00

Taitron Components Inc. (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 $0.00 and traded as low as $3.04. Taitron Components shares last traded at $3.08, with a volume of 3,171 shares traded.

Separately, TheStreet downgraded Taitron Components from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th.

The firm has a fifty day moving average price of $3.13. The firm has a market cap of $17.90 million, a P/E ratio of 11.92 and a beta of 1.63.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter. Taitron Components had a return on equity of 12.07% and a net margin of 18.90%. The company had revenue of $1.38 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.12 annualized dividend and a dividend yield of 3.82%.

An institutional investor recently bought a new position in Taitron Components stock. Nordea Investment Management AB acquired a new position in shares of Taitron Components Inc. (NASDAQ:TAIT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 31,000 shares of the company’s stock, valued at approximately $54,000. Nordea Investment Management AB owned approximately 0.55% of Taitron Components as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.18% of the company’s stock.

Taitron Components Company Profile (NASDAQ:TAIT)

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, passive components, transistors, and diodes.

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