Magal Security Systems Ltd. (NASDAQ:MAGS) Issues Earnings Results

Magal Security Systems Ltd. (NASDAQ:MAGS) released its quarterly earnings data on Thursday, August 31st. The industrial products company reported ($0.14) EPS for the quarter, Morningstar.com reports. Magal Security Systems had a negative net margin of 5.05% and a negative return on equity of 4.64%. The business had revenue of $13.25 million for the quarter.

Magal Security Systems (NASDAQ:MAGS) traded down 1.69% on Friday, reaching $4.65. 20,028 shares of the company traded hands. The stock has a 50 day moving average of $4.81 and a 200-day moving average of $5.72. Magal Security Systems has a 1-year low of $4.08 and a 1-year high of $8.00. The stock’s market capitalization is $106.73 million.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Woods Capital Investors LLC increased its holdings in shares of Magal Security Systems by 8.7% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 63,070 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 5,070 shares during the last quarter. Wells Fargo & Company MN grew its stake in Magal Security Systems by 8.1% during the 2nd 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 last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Magal Security Systems by 38.8% during the 2nd 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 last quarter. Institutional investors and hedge funds own 12.04% of the company’s stock.

Separately, TheStreet lowered shares of Magal Security Systems from a “b-” rating to a “c-” rating in a report on Tuesday, May 30th.

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.

Earnings History for Magal Security Systems (NASDAQ:MAGS)

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