ValuEngine downgraded shares of Magal Security Systems (NASDAQ:MAGS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
Magal Security Systems stock traded down $0.01 during trading hours on Thursday, reaching $5.24. 6,300 shares of the company were exchanged, compared to its average volume of 22,091. The stock has a market capitalization of $116.21 million, a P/E ratio of 72.08 and a beta of 0.93. Magal Security Systems has a 12 month low of $4.20 and a 12 month high of $6.48.
Magal Security Systems (NASDAQ:MAGS) last announced its earnings results on Wednesday, August 15th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $25.35 million during the quarter. Magal Security Systems had a return on equity of 2.37% and a net margin of 2.09%.
An institutional investor recently raised its position in Magal Security Systems stock. Wells Fargo & Company MN grew its holdings in Magal Security Systems Ltd. (NASDAQ:MAGS) by 38.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 409,347 shares of the industrial products company’s stock after acquiring an additional 113,220 shares during the quarter. Wells Fargo & Company MN owned 1.78% of Magal Security Systems worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission. 14.62% of the stock is currently owned by institutional investors.
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.
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