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

Shares of Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.04 and traded as high as $45.76. Taylor Devices shares last traded at $44.42, with a volume of 7,114 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Taylor Devices from a "hold" rating to a "buy" rating in a research report on Monday, March 31st.

Taylor Devices Stock Performance

The company's fifty day moving average price is $38.02 and its 200-day moving average price is $34.97. The stock has a market cap of $139.20 million, a P/E ratio of 17.73 and a beta of 0.87.

Insider Activity

In other news, CEO Timothy John Sopko bought 1,000 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average price of $30.03 per share, for a total transaction of $30,030.00. Following the acquisition, the chief executive officer owned 10,000 shares of the company's stock, valued at $300,300. The trade was a 11.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.75% of the company's stock.

Institutional Investors Weigh In On Taylor Devices

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Taylor Devices by 24.8% in the 1st quarter. Rhumbline Advisers now owns 2,357 shares of the industrial products company's stock worth $76,000 after acquiring an additional 468 shares during the last quarter. Courier Capital LLC lifted its holdings in shares of Taylor Devices by 1.0% in the 1st quarter. Courier Capital LLC now owns 48,221 shares of the industrial products company's stock worth $1,556,000 after acquiring an additional 500 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Taylor Devices by 3,746.2% in the 1st quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company's stock worth $31,000 after acquiring an additional 974 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Taylor Devices by 57.1% in the 4th quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock worth $117,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Taylor Devices by 33.9% in the 4th quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock worth $191,000 after acquiring an additional 1,162 shares during the last quarter. 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.