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

Taylor Devices, Inc. (NASDAQ:TAYD) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $44.02 and traded as high as $50.56. Taylor Devices shares last traded at $49.97, with a volume of 3,743 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on TAYD shares. Wall Street Zen downgraded Taylor Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Taylor Devices in a research report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Taylor Devices Price Performance

The firm has a 50 day moving average price of $45.70 and a 200-day moving average price of $44.06. The firm has a market cap of $157.31 million, a price-to-earnings ratio of 17.53 and a beta of 0.97.

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

Institutional Trading of Taylor Devices

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in shares of Taylor Devices by 253.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 727 shares during the period. Bank of America Corp DE increased its holdings in Taylor Devices by 16.3% in the second quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 301 shares during the last quarter. Rhumbline Advisers lifted its stake in Taylor Devices by 24.8% in the first quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company’s stock valued at $76,000 after buying an additional 468 shares during the period. Two Sigma Investments LP bought a new position in Taylor Devices during the third quarter worth about $205,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Taylor Devices in the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds 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.