Taylor Devices (NASDAQ:TAYD) Stock Price Crosses Above 200-Day Moving Average of $32.94

Taylor Devices, Inc. (NASDAQ:TAYD)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.94 and traded as high as $53.50. Taylor Devices shares last traded at $50.60, with a volume of 12,862 shares.

Analyst Upgrades and Downgrades

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

Taylor Devices Price Performance

The stock has a 50-day moving average price of $45.84 and a 200-day moving average price of $32.94. The company has a market capitalization of $175.56 million, a P/E ratio of 20.02 and a beta of 1.02.

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

Institutional Trading of Taylor Devices

An institutional investor recently bought a new position in Taylor Devices stock. Johnson Bixby & Associates LLC purchased a new position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,500 shares of the industrial products company’s stock, valued at approximately $373,000. Johnson Bixby & Associates LLC owned approximately 0.21% of Taylor Devices as of its most recent filing with the SEC. 17.62% of the stock is owned by institutional investors and hedge funds.

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.