Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.16 and traded as low as $2.62. Taitron Components shares last traded at $2.66, with a volume of 19,006 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Taitron Components in a report on Thursday. They set a “hold” rating on the stock.
Check Out Our Latest Stock Analysis on TAIT
Taitron Components Price Performance
Taitron Components (NASDAQ:TAIT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Taitron Components had a net margin of 32.80% and a return on equity of 9.65%. The business had revenue of $0.96 million for the quarter.
Taitron Components Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date was Thursday, May 16th. Taitron Components’s dividend payout ratio (DPR) is 71.43%.
Institutional Trading of Taitron Components
An institutional investor recently bought a new position in Taitron Components stock. Significant Wealth Partners LLC purchased a new stake in Taitron Components Incorporated (NASDAQ:TAIT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 182,601 shares of the company’s stock, valued at approximately $637,000. Significant Wealth Partners LLC owned 3.03% of Taitron Components at the end of the most recent quarter. Institutional investors own 18.09% of the company’s stock.
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.
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