Taylor Devices Inc. (TAYD) Announces Quarterly Earnings Results
Taylor Devices Inc. (NASDAQ:TAYD) issued its quarterly earnings data on Friday. The company reported $0.06 earnings per share (EPS) for the quarter. The business earned $5.76 million during the quarter, compared to the consensus estimate of $9.47 million. Taylor Devices had a return on equity of 14.85% and a net margin of 11.80%.
Shares of Taylor Devices (NASDAQ:TAYD) traded down 19.18% during trading on Friday, hitting $15.97. The stock had a trading volume of 48,189 shares. Taylor Devices has a one year low of $12.72 and a one year high of $20.45. The stock has a market cap of $54.67 million, a price-to-earnings ratio of 13.20 and a beta of 1.05. The stock’s 50-day moving average price is $19.42 and its 200 day moving average price is $17.88.
In other news, Director Randall L. Clark sold 1,339 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $18.75, for a total transaction of $25,106.25. Following the completion of the transaction, the director now owns 7,265 shares of the company’s stock, valued at $136,218.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.00% 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 manufactures and sells a single group of similar products that have a range of applications for customers, which include Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs and Vibration Dampers.
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