Taylor Devices, Inc. (NASDAQ:TAYD) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 3,100 shares, a growth of 287.5% from the September 30th total of 800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is presently 0.9 days.
A hedge fund recently bought a new stake in Taylor Devices stock. Advisor Group Holdings Inc. acquired a new position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 197,089 shares of the industrial products company’s stock, valued at approximately $26,000. Advisor Group Holdings Inc. owned 5.66% of Taylor Devices at the end of the most recent reporting period. 17.91% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on TAYD shares. TheStreet lowered shares of Taylor Devices from a “b-” rating to a “c+” rating in a research note on Tuesday, July 14th. ValuEngine raised shares of Taylor Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th.
Shares of TAYD stock opened at $9.58 on Thursday. The company has a market capitalization of $33.41 million, a P/E ratio of 11.83 and a beta of 1.08. The company’s 50 day moving average price is $9.31 and its two-hundred day moving average price is $10.08. Taylor Devices has a 52 week low of $6.61 and a 52 week high of $13.39.
Taylor Devices (NASDAQ:TAYD) last announced its earnings results on Friday, September 25th. The industrial products company reported $0.05 EPS for the quarter. Taylor Devices had a net margin of 10.03% and a return on equity of 7.34%. The firm had revenue of $5.76 million for the quarter.
About Taylor Devices
Taylor Devices, Inc designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and internationally. The company's products include seismic dampers that are designed to mitigate the effects of earthquake tremors 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, ships, container ships, railroad cars, truck docks, ladle and ingot cars, ore trolleys, and car stops.
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