Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.13 and traded as high as $45.96. Taylor Devices shares last traded at $44.28, with a volume of 8,280 shares traded.
Taylor Devices Trading Down 1.0%
The company has a market capitalization of $138.40 million, a P/E ratio of 17.65 and a beta of 0.89. The business's fifty day moving average price is $42.42 and its 200-day moving average price is $36.40.
Hedge Funds Weigh In On Taylor Devices
Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in 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 purchasing an additional 974 shares during the period. Rhumbline Advisers increased its position in shares of 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 acquiring an additional 468 shares during the period. Bank of America Corp DE increased its position in shares of Taylor Devices by 57.1% in the fourth quarter. Bank of America Corp DE now owns 2,800 shares of the industrial products company's stock valued at $117,000 after acquiring an additional 1,018 shares during the period. Barclays PLC increased its position in shares of Taylor Devices by 33.9% in the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock valued at $191,000 after acquiring an additional 1,162 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Taylor Devices by 80.6% in the fourth quarter. Wells Fargo & Company MN now owns 4,754 shares of the industrial products company's stock valued at $198,000 after acquiring an additional 2,121 shares during the period. Hedge funds and other institutional investors own 17.62% of the company's stock.
About Taylor Devices
(
Get Free Report)
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.
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