Separately, ValuEngine upgraded Taylor Devices from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
Shares of Taylor Devices (TAYD) opened at $13.00 on Wednesday. Taylor Devices has a fifty-two week low of $10.62 and a fifty-two week high of $15.14. The stock has a market capitalization of $44.92, a PE ratio of 28.89 and a beta of 0.87.
A hedge fund recently raised its stake in Taylor Devices stock. Janney Montgomery Scott LLC lifted 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 SEC. The firm owned 187,155 shares of the industrial products company’s stock after purchasing an additional 121,200 shares during the quarter. Janney Montgomery Scott LLC owned about 5.41% of Taylor Devices worth $2,298,000 as of its most recent filing with the SEC. Institutional investors own 14.08% 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’s Seismic Dampers are designed to ameliorate the effects of earthquake tremors on structures.
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