Taylor Devices Inc (NASDAQ: TAYD) stock suffered a major decline of -13.4% on 5/6/24. The shares closed at $43.20. Moreover, this decline was accompanied by exceptionally high trading volume at 369% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -16.7% during the last week.
Current PriceTarget Research Rating
TAYD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Taylor Devices has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Taylor Devices has a poor Appreciation Score of 20 but a very high Power Rating of 98, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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