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Taylor Devices (NASDAQ:TAYD) Releases Earnings Results

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Taylor Devices (NASDAQ:TAYD - Get Free Report) issued its earnings results on Friday. The industrial products company reported $0.64 earnings per share for the quarter, Zacks reports. The business had revenue of $10.57 million for the quarter. Taylor Devices had a return on equity of 17.04% and a net margin of 19.99%.

Taylor Devices Price Performance

Shares of TAYD stock traded up $1.06 during midday trading on Tuesday, hitting $33.33. The company had a trading volume of 6,304 shares, compared to its average volume of 26,625. The stock has a market cap of $104.52 million, a price-to-earnings ratio of 12.42 and a beta of 1.05. The company's 50 day simple moving average is $32.42 and its 200 day simple moving average is $41.04. Taylor Devices has a 52-week low of $30.18 and a 52-week high of $64.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Taylor Devices from a "hold" rating to a "buy" rating in a research report on Monday.

View Our Latest Stock Analysis on TAYD

Insider Transactions at Taylor Devices

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

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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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Earnings History for Taylor Devices (NASDAQ:TAYD)

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