Taylor Devices (NASDAQ:TAYD) Stock Crosses Above Two Hundred Day Moving Average of $9.70

Taylor Devices, Inc. (NASDAQ:TAYDGet Rating)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.70 and traded as high as $12.56. Taylor Devices shares last traded at $12.45, with a volume of 1,913 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Taylor Devices from a “c+” rating to a “b-” rating in a research note on Friday, September 16th.

Taylor Devices Stock Performance

The stock has a market capitalization of $43.60 million, a P/E ratio of 14.15 and a beta of 0.73. The company’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $9.70.

Taylor Devices (NASDAQ:TAYDGet Rating) last released its quarterly earnings results on Friday, August 19th. The industrial products company reported $0.43 earnings per share for the quarter. The firm had revenue of $9.66 million for the quarter. Taylor Devices had a net margin of 9.37% and a return on equity of 7.16%.

Insider Buying and Selling at Taylor Devices

In related news, Director Robert Michael Carey purchased 2,500 shares of the stock in a transaction on Monday, October 3rd. The shares were purchased at an average cost of $10.70 per share, with a total value of $26,750.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $53,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.12% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Oppenheimer & Close LLC increased its holdings in shares of Taylor Devices by 23.2% during the second quarter. Oppenheimer & Close LLC now owns 125,594 shares of the industrial products company’s stock worth $1,091,000 after purchasing an additional 23,662 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Taylor Devices by 6.3% during the second quarter. Renaissance Technologies LLC now owns 38,862 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 2,300 shares during the period. HNP Capital LLC bought a new position in Taylor Devices in the first quarter valued at approximately $272,000. Dimensional Fund Advisors LP bought a new position in Taylor Devices in the third quarter valued at approximately $105,000. Finally, Marquette Asset Management LLC acquired a new stake in Taylor Devices in the third quarter valued at approximately $34,000. 18.91% of the stock is owned by institutional investors.

Taylor Devices Company Profile

(Get Rating)

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and car stops.

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