Taylor Devices (NASDAQ:TAYD) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Taylor Devices, Inc. (NASDAQ:TAYD) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $60.78 and traded as high as $76.63. Taylor Devices shares last traded at $74.87, with a volume of 24,684 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TAYD shares. Freedom Capital lowered shares of Taylor Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen upgraded shares of Taylor Devices from a “hold” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings upgraded Taylor Devices from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Taylor Devices Trading Down 0.2%

The company has a market cap of $235.84 million, a PE ratio of 23.77 and a beta of 0.93. The stock has a 50 day moving average price of $79.05 and a 200 day moving average price of $60.78.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Wednesday, December 31st. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. The business had revenue of $11.60 million during the quarter, compared to the consensus estimate of $10.40 million. Taylor Devices had a return on equity of 15.75% and a net margin of 20.75%.

Institutional Investors Weigh In On Taylor Devices

Several hedge funds have recently bought and sold shares of TAYD. Martin & Co. Inc. TN purchased a new position in shares of Taylor Devices during the second quarter valued at approximately $817,000. RBF Capital LLC bought a new position in Taylor Devices during the 2nd quarter valued at approximately $1,085,000. GSA Capital Partners LLP purchased a new position in Taylor Devices during the third quarter valued at $292,000. De Lisle Partners LLP boosted its holdings in Taylor Devices by 1.4% in the second quarter. De Lisle Partners LLP now owns 42,876 shares of the industrial products company’s stock worth $1,881,000 after acquiring an additional 600 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Taylor Devices by 621.0% in the fourth quarter. Barclays PLC now owns 3,533 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 3,043 shares during the last quarter. Institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company’s core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company’s product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.