Magal Security Systems (NASDAQ:MAGS) Downgraded by TheStreet

TheStreet cut shares of Magal Security Systems (NASDAQ:MAGS) from a c rating to a d+ rating in a research note released on Thursday morning, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded Magal Security Systems from a hold rating to a buy rating in a research note on Saturday, July 6th.

Shares of NASDAQ:MAGS opened at $4.30 on Thursday. Magal Security Systems has a fifty-two week low of $3.88 and a fifty-two week high of $5.91. The business has a 50-day moving average of $4.85 and a two-hundred day moving average of $5.02. The stock has a market capitalization of $96.78 million, a P/E ratio of 209.00 and a beta of 1.21.

Magal Security Systems (NASDAQ:MAGS) last announced its quarterly earnings results on Thursday, August 15th. The industrial products company reported ($0.01) earnings per share for the quarter. Magal Security Systems had a return on equity of 0.72% and a net margin of 0.66%. The company had revenue of $19.70 million during the quarter.

Institutional investors have recently bought and sold shares of the company. Shufro Rose & Co. LLC increased its stake in shares of Magal Security Systems by 24.4% in the second quarter. Shufro Rose & Co. LLC now owns 17,835 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 3,500 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Magal Security Systems by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 535,194 shares of the industrial products company’s stock worth $2,799,000 after purchasing an additional 15,150 shares during the period. Renaissance Technologies LLC increased its stake in shares of Magal Security Systems by 4.1% in the second quarter. Renaissance Technologies LLC now owns 547,576 shares of the industrial products company’s stock worth $2,754,000 after purchasing an additional 21,489 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Magal Security Systems by 4.6% in the second quarter. Wells Fargo & Company MN now owns 550,876 shares of the industrial products company’s stock worth $2,771,000 after purchasing an additional 24,370 shares during the period. Institutional investors and hedge funds own 18.55% of the company’s stock.

About Magal Security Systems

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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