Taylor Devices (NASDAQ:TAYD) Posts Earnings Results

Taylor Devices (NASDAQ:TAYD) released its quarterly earnings data on Friday. The industrial products company reported $0.34 earnings per share for the quarter, RTT News reports. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. During the same quarter in the previous year, the company earned $0.56 EPS.

Taylor Devices Price Performance

Shares of Taylor Devices stock opened at $40.59 on Friday. The stock has a market capitalization of $126.60 million, a price-to-earnings ratio of 14.00 and a beta of 1.03. The firm’s fifty day simple moving average is $45.00 and its 200-day simple moving average is $48.02. Taylor Devices has a 12 month low of $21.99 and a 12 month high of $64.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Taylor Devices from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 18th.

About Taylor Devices

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.