Magal Security Systems (NASDAQ:MAGS) released its quarterly earnings data on Tuesday, May 21st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, Morningstar.com reports. Magal Security Systems had a net margin of 2.65% and a return on equity of 3.08%. The company had revenue of $21.19 million during the quarter.
Shares of MAGS traded up $0.12 during mid-day trading on Friday, hitting $4.54. 36,584 shares of the company’s stock were exchanged, compared to its average volume of 12,289. Magal Security Systems has a fifty-two week low of $3.88 and a fifty-two week high of $5.91. The company has a market capitalization of $104.63 million, a price-to-earnings ratio of 43.80 and a beta of 1.27.
Several institutional investors and hedge funds have recently made changes to their positions in MAGS. Renaissance Technologies LLC increased its stake in Magal Security Systems by 8.5% during the 3rd quarter. Renaissance Technologies LLC now owns 494,460 shares of the industrial products company’s stock worth $2,779,000 after buying an additional 38,711 shares during the period. Janney Montgomery Scott LLC boosted its stake in Magal Security Systems by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 520,044 shares of the industrial products company’s stock valued at $2,314,000 after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. acquired a new stake in shares of Magal Security Systems in the 4th quarter worth approximately $241,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Magal Security Systems in the 4th quarter worth approximately $405,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Magal Security Systems by 2.0% in the 1st quarter. Wells Fargo & Company MN now owns 526,506 shares of the industrial products company’s stock worth $2,754,000 after acquiring an additional 10,443 shares during the period. Institutional investors and hedge funds own 18.61% of the company’s stock.
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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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