Separately, ValuEngine upgraded shares of Taylor Devices from a hold rating to a buy rating in a research note on Friday, December 1st.
Shares of Taylor Devices (NASDAQ:TAYD) opened at $11.12 on Tuesday. The firm has a market cap of $38.43, a price-to-earnings ratio of 24.71 and a beta of 0.63. Taylor Devices has a one year low of $10.62 and a one year high of $15.14.
A hedge fund recently raised its stake in Taylor Devices stock. Janney Montgomery Scott LLC grew its position in shares of Taylor Devices, Inc. (NASDAQ:TAYD) by 183.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,155 shares of the industrial products company’s stock after acquiring an additional 121,200 shares during the quarter. Janney Montgomery Scott LLC owned 5.41% of Taylor Devices worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 14.47% of the stock is currently owned by hedge funds and other institutional investors.
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Taylor Devices Company Profile
Taylor Devices, Inc is engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of machinery, equipment and structures. The Company’s Seismic Dampers are designed to ameliorate the effects of earthquake tremors on structures.
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