Taylor Devices (NASDAQ:TAYD) Share Price Passes Above 200-Day Moving Average of $31.73

Taylor Devices, Inc. (NASDAQ:TAYD)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.73 and traded as high as $54.50. Taylor Devices shares last traded at $53.01, with a volume of 17,872 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Taylor Devices from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 9th.

Taylor Devices Trading Down 1.4 %

The stock has a market cap of $186.65 million, a PE ratio of 21.29 and a beta of 1.01. The company has a fifty day moving average of $44.00 and a 200-day moving average of $31.73.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $12.25 million for the quarter. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%.

Institutional Investors Weigh In On Taylor Devices

An institutional investor recently raised its position in Taylor Devices stock. Janney Montgomery Scott LLC boosted its stake in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,722 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the quarter. Janney Montgomery Scott LLC owned approximately 3.83% of Taylor Devices worth $2,870,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.62% of the company’s stock.

Taylor Devices Company Profile

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 the United States, 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 train car stops.