Magal Security Systems (NASDAQ:MAGS) Stock Rating Upgraded by ValuEngine

X Scalper

Magal Security Systems (NASDAQ:MAGS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Saturday, July 6th, ValuEngine reports.

Shares of MAGS traded down $0.01 during trading on Friday, reaching $4.70. 1,171 shares of the company traded hands, compared to its average volume of 8,930. Magal Security Systems has a twelve month low of $3.88 and a twelve month high of $5.91. The firm has a market cap of $108.82 million, a PE ratio of 47.00 and a beta of 1.18. The business’s 50-day moving average is $4.85.

Magal Security Systems (NASDAQ:MAGS) last announced its quarterly earnings data on Tuesday, May 21st. The industrial products company reported ($0.02) earnings per share for the quarter. The business had revenue of $21.19 million during the quarter. Magal Security Systems had a net margin of 2.65% and a return on equity of 3.08%.

An institutional investor recently raised its position in Magal Security Systems stock. Janney Montgomery Scott LLC grew its position in shares of Magal Security Systems Ltd. (NASDAQ:MAGS) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 535,194 shares of the industrial products company’s stock after buying an additional 15,150 shares during the quarter. Janney Montgomery Scott LLC owned approximately 2.32% of Magal Security Systems worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 18.61% of the company’s stock.

Magal Security Systems Company Profile

Magal Security Systems Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and video management systems, and cyber security products and systems worldwide. It operates through three segments: Perimeter Products, Turnkey Projects, and Video and Cyber Security.

Further Reading: Should You Consider an Index Fund?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Magal Security Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Magal Security Systems and related companies with’s FREE daily email newsletter.

Be the first to comment

Leave a Reply

Your email address will not be published.