Separately, ValuEngine upgraded shares of Taylor Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Taylor Devices (TAYD) opened at $14.00 on Wednesday. Taylor Devices has a fifty-two week low of $10.62 and a fifty-two week high of $15.14. The stock has a market cap of $46.30, a P/E ratio of 20.29 and a beta of 0.85.
A hedge fund recently raised its stake in Taylor Devices stock. Janney Montgomery Scott LLC increased its stake in Taylor Devices, Inc. (NASDAQ:TAYD) by 183.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,155 shares of the industrial products company’s stock after acquiring an additional 121,200 shares during the quarter. Janney Montgomery Scott LLC owned 5.41% of Taylor Devices worth $2,298,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 14.08% of the company’s stock.
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About Taylor Devices
Taylor Devices, Inc is engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of machinery, equipment and structures. The Company’s Seismic Dampers are designed to ameliorate the effects of earthquake tremors on structures.
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