Taylor Devices (NASDAQ:TAYD) Share Price Crosses Above Two Hundred Day Moving Average of $32.94

Taylor Devices, Inc. (NASDAQ:TAYD)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.94 and traded as high as $53.50. Taylor Devices shares last traded at $50.60, with a volume of 12,862 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Taylor Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 9th.

Taylor Devices Price Performance

The company has a market capitalization of $175.56 million, a P/E ratio of 20.02 and a beta of 1.02. The business’s 50-day moving average price is $45.84 and its two-hundred day moving average price is $32.94.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Taylor Devices stock. Janney Montgomery Scott LLC increased its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,222 shares of the industrial products company’s stock after buying an additional 500 shares during the quarter. Janney Montgomery Scott LLC owned 3.84% of Taylor Devices worth $2,992,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.62% of the company’s stock.

About Taylor Devices

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.