Taylor Devices (NASDAQ:TAYD) Share price above its 200-day moving average of $36.88

Taylor Devices, Inc. Stock (NASDAQ:TAYD – Get Free Report) broke above its 200-day moving average during Friday trading. The stock has a 200-day moving average of $36.88 and has traded as high as $51.04. Taylor Devices stock last traded at $50.92 on volume of 35,410 shares.

Analysts set new price targets

On Tuesday, April 9, StockNews.com downgraded Taylor Devices stock from “decide buy” to “buy.”

See our latest stock report on TAYD

Taylor Appliance Stocks Up 7.1%

The company’s market capitalization is $179.24 million, its P/E ratio is 20.45 and its beta is 1.02. The company has a 50-day moving average of $49.84 and a 200-day moving average of $36.88.

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

Institutional trading in Taylor devices

Several large investors have recently made changes to their positions at the company. Janney Montgomery Scott LLC increased its holdings in shares of Taylor Devices by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 135,222 shares of the industrial products company’s stock valued at $2,992,000 after acquiring an additional 500 shares in the last quarter. In the first quarter, Vanguard Group Inc. increased its position in Taylor Devices by 6.7%. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock valued at $2,809,000 after purchasing an additional 3,561 shares in the last quarter. Elkhorn Partners Limited Partnership increased its holdings in Taylor Devices by 47.2% during the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock worth $1,304,000 after purchasing an additional 8,405 shares in the last quarter. National Wealth Management Group LLC acquired a new stake in Taylor Devices during the first quarter worth approximately $590,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Taylor Devices during the first quarter valued at $488,000. Institutional investors and hedge funds hold 17.62% of the company’s shares.

Taylor Devices company profile

(Get the free report)

Taylor Devices, Inc engages in the design, development, manufacture and marketing of shock absorption, speed control and energy storage devices for use in machinery, equipment and structures in the United States, Asia and around the world. Its products include seismic dampers designed to mitigate the effects of earthquakes on structures; Fluidicshoks, i.e. compact shock absorbers used mainly in the defense, aviation and commercial industries; and crane and industrial buffers, which are larger versions of Fluidicshocks for industrial applications in cranes and crane dollies, truck docks, ladle and ingot carts, ore carts and rail car stops.

Analysts set new price targets

Taylor Appliance Stocks Up 7.1%

Institutional trading in Taylor devices

Taylor Devices company profile

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