For its first fiscal quarter (ending August 31), Taylor Devices Inc (NASDAQ: TAYD) has reported a 63% increase in E.P.S. from $0.52 a year ago to $0.85 in the current quarter. E.P.S. were $3.04 for the latest four quarters through August 31 versus $2.03 for the same period a year ago — an increase of 50%.
Recent Price Action
Taylor Devices Inc (NASDAQ: TAYD) stock suffered a major decline of -17.2% on 9/27/24. The shares closed at $51.27. Moreover, this decline was accompanied by exceptionally high trading volume at 488% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -19.5% 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 (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 27 but a very high Power Rating of 88, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and 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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