Magal Security Systems Ltd. (MAGS) Issues Earnings Results
Magal Security Systems Ltd. (NASDAQ:MAGS) announced its quarterly earnings results on Thursday. The industrial products company reported ($0.14) EPS for the quarter, Morningstar.com reports. Magal Security Systems had a negative return on equity of 3.20% and a negative net margin of 3.15%.
Shares of Magal Security Systems (NASDAQ MAGS) traded down 8.06% during trading on Thursday, hitting $4.45. The stock had a trading volume of 241,672 shares. The stock has a 50-day moving average price of $5.04 and a 200 day moving average price of $5.94. The company’s market cap is $102.14 million. Magal Security Systems has a 12 month low of $4.08 and a 12 month high of $8.00.
Separately, TheStreet lowered Magal Security Systems from a “b-” rating to a “c-” rating in a research note on Tuesday, May 30th.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC increased its stake in shares of Magal Security Systems by 8.7% in the second quarter. Alpine Woods Capital Investors LLC now owns 63,070 shares of the industrial products company’s stock worth $310,000 after buying an additional 5,070 shares during the period. Wells Fargo & Company MN increased its stake in shares of Magal Security Systems by 8.1% in the second quarter. Wells Fargo & Company MN now owns 273,883 shares of the industrial products company’s stock worth $1,348,000 after buying an additional 20,486 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Magal Security Systems by 38.8% in the second quarter. Janney Montgomery Scott LLC now owns 272,030 shares of the industrial products company’s stock worth $1,338,000 after buying an additional 75,981 shares during the period. 12.07% of the stock is owned by hedge funds and other institutional investors.
Magal Security Systems Company Profile
Magal Security Systems Ltd. is an international provider of products and solutions for security, safety and site management. The Company’s solutions are integrated and managed by modular command and control software, supported by systems for real-time decision support. It operates through three segments: Perimeter Products, Turnkey Projects and Cyber Security.
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