Janney Montgomery Scott LLC Boosts Position in Magal Security Systems Ltd. (MAGS)

Janney Montgomery Scott LLC raised its stake in shares of Magal Security Systems Ltd. (NASDAQ:MAGS) by 38.8% during the second quarter, Holdings Channel reports. The fund owned 272,030 shares of the industrial products company’s stock after buying an additional 75,981 shares during the period. Janney Montgomery Scott LLC’s holdings in Magal Security Systems were worth $1,338,000 as of its most recent SEC filing.

Shares of Magal Security Systems Ltd. (NASDAQ MAGS) opened at 4.73 on Friday. The stock’s market cap is $108.56 million. Magal Security Systems Ltd. has a 52-week low of $4.08 and a 52-week high of $8.00. The stock’s 50 day moving average is $5.08 and its 200 day moving average is $6.09.

Magal Security Systems (NASDAQ:MAGS) last released its earnings results on Tuesday, May 30th. The industrial products company reported ($0.16) EPS for the quarter. Magal Security Systems had a negative return on equity of 3.24% and a negative net margin of 3.17%. The firm had revenue of $14.34 million for the quarter. On average, equities analysts predict that Magal Security Systems Ltd. will post $0.18 EPS for the current fiscal year.

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

About Magal Security Systems

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.

Want to see what other hedge funds are holding MAGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Magal Security Systems Ltd. (NASDAQ:MAGS).

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