Taylor Devices (NASDAQ:TAYD) Share Price Passes Above 200 Day Moving Average of $39.86

Taylor Devices, Inc. (NASDAQ:TAYD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.86 and traded as high as $45.68. Taylor Devices shares last traded at $44.98, with a volume of 310,784 shares.

Analyst Ratings Changes

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

Taylor Devices Stock Up 7.2 %

The company has a 50-day moving average price of $47.65 and a two-hundred day moving average price of $39.86. The stock has a market capitalization of $158.33 million, a P/E ratio of 18.06 and a beta of 1.01.

Taylor Devices (NASDAQ:TAYD) last announced its quarterly 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 Investors Weigh In On Taylor Devices

Several hedge funds and other institutional investors have recently modified their holdings of TAYD. Janney Montgomery Scott LLC grew 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 worth $2,992,000 after purchasing an additional 500 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Taylor Devices by 6.7% during the first quarter. Vanguard Group Inc. now owns 56,441 shares of the industrial products company’s stock worth $2,809,000 after purchasing an additional 3,561 shares in the last quarter. Elkhorn Partners Limited Partnership boosted its stake in Taylor Devices by 47.2% in the first quarter. Elkhorn Partners Limited Partnership now owns 26,205 shares of the industrial products company’s stock worth $1,304,000 after buying an additional 8,405 shares in the last quarter. National Wealth Management Group LLC purchased a new stake in Taylor Devices in the first quarter worth approximately $590,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Taylor Devices in the first quarter worth approximately $488,000. 17.62% of the stock is currently owned by institutional investors.

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.