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

NASDAQ:MAGS traded up $0.04 on Friday, hitting $4.94. 1,464 shares of the company’s stock were exchanged, compared to its average volume of 10,982. The business has a 50-day simple moving average of $4.87. Magal Security Systems has a 52 week low of $3.88 and a 52 week high of $5.91. The stock has a market capitalization of $113.46 million, a P/E ratio of 49.00 and a beta of 1.18.

Magal Security Systems (NASDAQ:MAGS) last issued its earnings results on Tuesday, May 21st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter. The firm 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%.

A hedge fund recently raised its stake in Magal Security Systems stock. Janney Montgomery Scott LLC increased its position in shares of Magal Security Systems Ltd. (NASDAQ:MAGS) by 2.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 535,194 shares of the industrial products company’s stock after buying an additional 15,150 shares during the period. Janney Montgomery Scott LLC owned 2.32% of Magal Security Systems worth $2,799,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.

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