Taylor Devices (NASDAQ:TAYD) Stock Crosses Above 200 Day Moving Average of $30.59

Taylor Devices, Inc. (NASDAQ:TAYD) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.59 and traded as high as $48.37. Taylor Devices shares last traded at $47.99, with a volume of 19,448 shares.

Analyst Ratings Changes

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

Taylor Devices Stock Performance

The stock has a market cap of $168.92 million, a PE ratio of 19.27 and a beta of 1.01. The company’s 50-day moving average price is $42.29 and its 200 day moving average price is $30.59.

Taylor Devices (NASDAQ:TAYD) last posted its earnings results on Thursday, March 28th. The industrial products company reported $0.82 EPS for the quarter. The company had revenue of $12.25 million for the quarter. Taylor Devices had a return on equity of 16.84% and a net margin of 19.87%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TAYD. Vanguard Group Inc. raised its stake in shares of Taylor Devices by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 52,880 shares of the industrial products company’s stock valued at $1,170,000 after acquiring an additional 5,900 shares during the period. Perritt Capital Management Inc. increased its holdings in Taylor Devices by 32.0% in the 4th quarter. Perritt Capital Management Inc. now owns 13,617 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 3,302 shares during the last quarter. Northern Trust Corp purchased a new stake in Taylor Devices in the fourth quarter valued at approximately $268,000. Janney Montgomery Scott LLC lifted its stake in 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. Finally, Dimensional Fund Advisors LP grew its stake in shares of Taylor Devices by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,542 shares of the industrial products company’s stock valued at $520,000 after buying an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.

About Taylor Devices

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.