TheStreet lowered shares of Magal Security Systems (NASDAQ:MAGS) from a c rating to a d+ rating in a research report report published on Thursday, 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 MAGS opened at $4.30 on Thursday. The stock has a 50-day moving average of $4.85 and a 200-day moving average of $5.02. The company has a market cap of $106.97 million, a PE ratio of 46.20 and a beta of 1.21. Magal Security Systems has a one year low of $3.88 and a one year high of $5.91.

Magal Security Systems (NASDAQ:MAGS) last issued its earnings results on Thursday, August 15th. The industrial products company reported ($0.01) EPS for the quarter. The firm had revenue of $19.70 million during the quarter. Magal Security Systems had a net margin of 2.65% and a return on equity of 3.08%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Shufro Rose & Co. LLC lifted its position in Magal Security Systems by 24.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 17,835 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 3,500 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Magal Security Systems by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 535,194 shares of the industrial products company’s stock valued at $2,799,000 after acquiring an additional 15,150 shares in the last quarter. Renaissance Technologies LLC lifted its position in Magal Security Systems by 4.1% in the 2nd quarter. Renaissance Technologies LLC now owns 547,576 shares of the industrial products company’s stock valued at $2,754,000 after acquiring an additional 21,489 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Magal Security Systems by 4.6% in the 2nd quarter. Wells Fargo & Company MN now owns 550,876 shares of the industrial products company’s stock valued at $2,771,000 after acquiring an additional 24,370 shares in the last quarter. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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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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