Taylor Devices (TAYD) Upgraded to Buy at ValuEngine
Taylor Devices (NASDAQ:TAYD) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Separately, TheStreet lowered shares of Taylor Devices from a “b-” rating to a “c+” rating in a research report on Tuesday, August 22nd.
Taylor Devices (TAYD) traded up $0.29 on Friday, hitting $12.55. 3,375 shares of the stock were exchanged, compared to its average volume of 7,354. The stock has a market cap of $43.36, a price-to-earnings ratio of 17.93 and a beta of 0.87. Taylor Devices has a 12-month low of $10.62 and a 12-month high of $15.69.
A hedge fund recently raised its stake in Taylor Devices stock. Janney Montgomery Scott LLC grew its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 183.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,155 shares of the industrial products company’s stock after purchasing an additional 121,200 shares during the period. Janney Montgomery Scott LLC owned approximately 5.41% of Taylor Devices worth $2,298,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.08% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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