Taylor Devices (NASDAQ:TAYD) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Taylor Devices, Inc. (NASDAQ:TAYD)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $41.32 and traded as high as $42.54. Taylor Devices shares last traded at $41.96, with a volume of 5,560 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Taylor Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Taylor Devices in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Taylor Devices currently has an average rating of “Hold”.

Taylor Devices Stock Down 0.5%

The company has a market capitalization of $132.09 million, a price-to-earnings ratio of 14.72 and a beta of 0.97. The stock’s fifty day moving average price is $46.04 and its 200-day moving average price is $41.32.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings data on Wednesday, October 1st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Taylor Devices had a net margin of 20.04% and a return on equity of 14.90%. The company had revenue of $9.92 million for the quarter, compared to the consensus estimate of $13.10 million.

Institutional Investors Weigh In On Taylor Devices

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Taylor Devices by 253.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 727 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Taylor Devices during the 2nd quarter worth approximately $246,000. Bank of America Corp DE raised its stake in shares of Taylor Devices by 16.3% during the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 301 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Taylor Devices during the 2nd quarter worth approximately $4,361,000. Finally, RBF Capital LLC bought a new stake in shares of Taylor Devices during the 2nd quarter worth approximately $1,085,000. 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.