NEW YORK ( TheStreet) -- Shares of Taylor Devices (Nasdaq: TAYD) have taken a tremendous swing upward. The stock is trading at $9.44 as of 11:20 a.m. ET, 22.1% above Wednesday's closing price of $7.73. Volume is at 94,160, 11.9 times the daily average of 7,900.

Taylor Devices has a market cap of $25.7 million and is part of the industrial goods sector and industrial industry. Shares are up 0.1% year to date as of the close of trading on Wednesday.

Taylor Devices, Inc. engages 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 has a P/E ratio of 15.4, above the average industrial industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Taylor Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Taylor Devices Ratings Report.

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