Taylor Devices (NASDAQ:TAYD) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Taylor Devices, Inc. (NASDAQ:TAYD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.53 and traded as high as $37.50. Taylor Devices shares last traded at $36.68, with a volume of 8,208 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Taylor Devices from a "hold" rating to a "buy" rating in a research note on Monday, March 31st.

Taylor Devices Stock Down 1.4%

The firm has a market cap of $116.97 million, a P/E ratio of 13.93 and a beta of 0.79. The business has a fifty day simple moving average of $33.68 and a 200-day simple moving average of $36.21.

Taylor Devices (NASDAQ:TAYD - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%. The company had revenue of $10.57 million for the quarter.

Insiders Place Their Bets

In other Taylor Devices news, CEO Timothy John Sopko purchased 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, with a total value of $30,030.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company's stock, valued at approximately $300,300. This trade represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.75% of the company's stock.

Institutional Trading of Taylor Devices

Several large investors have recently bought and sold shares of the stock. De Lisle Partners LLP lifted its holdings in Taylor Devices by 60.6% during the first quarter. De Lisle Partners LLP now owns 42,276 shares of the industrial products company's stock valued at $1,374,000 after purchasing an additional 15,950 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Taylor Devices during the first quarter worth approximately $212,000. Courier Capital LLC increased its stake 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. Rhumbline Advisers grew its holdings 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 purchasing an additional 468 shares during the period. Finally, GAMMA Investing LLC raised its stake in Taylor Devices by 3,746.2% during the first 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. Hedge funds and other 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.