Taylor Devices (NASDAQ:TAYD) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• Taylor Devices shares fell below its 200‑day moving average, trading as low as $51.21 and last at $52.51 versus the 200‑day MA of $61.58 on light volume (~24,727 shares).
• Multiple analyst downgrades have pushed the consensus to "Hold"—Weiss Ratings, Wall Street Zen and Freedom Capital cut their ratings from buy/strong‑buy to hold.
• Quarterly results were mixed: Q1 EPS of $0.79 beat estimates by $0.02, but revenue missed at $11.17M versus $13.18M; market cap is about $169M with a P/E around 15.9.

Shares of Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $61.58 and traded as low as $51.21. Taylor Devices shares last traded at $52.51, with a volume of 24,727 shares changing hands.

Analyst Ratings Changes

TAYD has been the topic of several recent research reports. Weiss Ratings downgraded Taylor Devices from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. Wall Street Zen cut Taylor Devices from a "strong-buy" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, Freedom Capital downgraded Taylor Devices from a "strong-buy" rating to a "hold" rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Taylor Devices Stock Performance

The stock has a market capitalization of $169.03 million, a P/E ratio of 15.91 and a beta of 1.12. The firm has a fifty day moving average price of $75.30 and a two-hundred day moving average price of $61.58.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $11.17 million during the quarter, compared to analyst estimates of $13.18 million. Taylor Devices had a return on equity of 15.77% and a net margin of 21.52%.

Institutional Investors Weigh In On Taylor Devices

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of Taylor Devices by 68.2% in the 4th quarter. Royal Bank of Canada now owns 740 shares of the industrial products company's stock worth $43,000 after purchasing an additional 300 shares during the period. Tower Research Capital LLC TRC grew its position in Taylor Devices by 253.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company's stock valued at $44,000 after buying an additional 727 shares during the period. Rhumbline Advisers increased its holdings in Taylor Devices by 24.8% during 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 last quarter. Bank of America Corp DE raised its position 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 worth $93,000 after acquiring an additional 301 shares during the period. Finally, Two Sigma Investments LP bought a new position in Taylor Devices in the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 17.62% of the company's stock.

Taylor Devices Company Profile

Taylor Devices, Inc is an engineering firm headquartered in North Tonawanda, New York, specializing in the design, development and manufacture of motion control products and engineered fluid-handling devices. The company's core focus is on providing high-performance hydraulic dampers, fluid springs (also known as gas springs), shock absorbers and hydraulic accumulators that are used to manage energy and motion in a wide range of industrial and structural applications.

The company's product portfolio includes industrial shock absorbers designed to cushion and decelerate moving parts in manufacturing and test-and-measurement systems, fluid viscous dampers for seismic protection of buildings and bridges, and fluid spring devices that combine the properties of a gas spring and a hydraulic damper.

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