Taylor Devices Inc. (TAYD) Announces Quarterly Earnings Results
Taylor Devices Inc. (NASDAQ:TAYD) issued its earnings results on Friday. The company reported $0.06 earnings per share for the quarter. Taylor Devices had a return on equity of 14.85% and a net margin of 11.80%. The company had revenue of $5.76 million for the quarter, compared to analyst estimates of $9.47 million.
Taylor Devices (NASDAQ:TAYD) traded down 21.432% during mid-day trading on Friday, hitting $15.525. The stock had a trading volume of 81,636 shares. The stock’s 50-day moving average is $19.42 and its 200 day moving average is $17.88. Taylor Devices has a 52 week low of $12.72 and a 52 week high of $20.45. The company has a market capitalization of $53.14 million, a P/E ratio of 12.831 and a beta of 1.05.
In other Taylor Devices news, Director Randall L. Clark sold 1,339 shares of Taylor Devices stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $18.75, for a total value of $25,106.25. Following the sale, the director now owns 7,265 shares of the company’s stock, valued at approximately $136,218.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.00% of the company’s stock.
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 manufactures and sells a single group of similar products that have a range of applications for customers, which include Seismic Dampers, Fluidicshoks, Crane and Industrial Buffers, Self-Adjusting Shock Absorbers, Liquid Die Springs and Vibration Dampers.
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