Taylor Devices (NASDAQ:TAYD) Share Price Passes Above 200-Day Moving Average of $31.73

Taylor Devices, Inc. (NASDAQ:TAYD)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.73 and traded as high as $54.50. Taylor Devices shares last traded at $53.01, with a volume of 17,872 shares traded.

Wall Street Analysts Forecast Growth

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

Taylor Devices Price Performance

The business’s 50 day moving average is $44.00 and its two-hundred day moving average is $31.73. The firm has a market capitalization of $186.65 million, a PE ratio of 21.29 and a beta of 1.01.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taylor Devices stock. Johnson Bixby & Associates LLC bought a new position in Taylor Devices, Inc. (NASDAQ:TAYD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the industrial products company’s stock, valued at approximately $373,000. Johnson Bixby & Associates LLC owned 0.21% of Taylor Devices as of its most recent SEC filing. Institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

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.