Taylor Devices (NASDAQ:TAYD) Announces Quarterly Earnings Results

Taylor Devices (NASDAQ:TAYD) released its quarterly earnings data on Friday. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, Zacks reports. Taylor Devices had a net margin of 19.99% and a return on equity of 17.04%.

Taylor Devices Price Performance

NASDAQ:TAYD traded up $0.47 during mid-day trading on Friday, reaching $32.38. The stock had a trading volume of 5,492 shares, compared to its average volume of 26,559. The stock’s 50 day simple moving average is $32.46 and its two-hundred day simple moving average is $41.60. Taylor Devices has a 1-year low of $30.18 and a 1-year high of $64.50. The company has a market capitalization of $101.53 million, a price-to-earnings ratio of 12.10 and a beta of 1.05.

Insider Buying and Selling at Taylor Devices

In other news, CEO Timothy John Sopko purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $33.25 per share, with a total value of $33,250.00. Following the transaction, the chief executive officer now owns 9,000 shares in the company, valued at approximately $299,250. The trade was a 12.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Taylor Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.