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 Tuesday . The stock has a two hundred day moving average of $37.96 and traded as high as $50.95. Taylor Devices shares last traded at $50.79, with a volume of 10,274 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Taylor Devices from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 16th.

Taylor Devices Trading Down 2.8%

The company has a market cap of $150.92 million, a price-to-earnings ratio of 15.97 and a beta of 0.97. The business's 50 day moving average price is $45.79 and its 200-day moving average price is $38.35.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last released its earnings results on Friday, August 15th. The industrial products company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.67 by $0.50. Taylor Devices had a net margin of 20.33% and a return on equity of 16.40%. The firm had revenue of $15.56 million for the quarter, compared to analyst estimates of $13.73 million.

Institutional Investors Weigh In On Taylor Devices

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Taylor Devices by 3,746.2% during the 1st quarter. GAMMA Investing LLC now owns 1,000 shares of the industrial products company's stock worth $31,000 after buying an additional 974 shares during the period. Tower Research Capital LLC TRC grew 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 worth $44,000 after acquiring an additional 727 shares in the last quarter. Rhumbline Advisers grew its stake 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Taylor Devices by 16.3% in the 2nd quarter. Bank of America Corp DE now owns 2,153 shares of the industrial products company's stock worth $93,000 after buying an additional 301 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Taylor Devices by 33.9% during the fourth quarter. Barclays PLC now owns 4,588 shares of the industrial products company's stock valued at $191,000 after purchasing an additional 1,162 shares during the last quarter. 17.62% of the stock is currently 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.