Wells Fargo & Company MN raised its stake in Magal Security Systems Ltd. (NASDAQ:MAGS) by 24.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,454 shares of the industrial products company’s stock after acquiring an additional 67,571 shares during the period. Wells Fargo & Company MN owned 1.48% of Magal Security Systems worth $1,639,000 as of its most recent SEC filing.
Separately, Grace & White Inc. NY raised its holdings in shares of Magal Security Systems by 1.6% during the third quarter. Grace & White Inc. NY now owns 1,410,945 shares of the industrial products company’s stock valued at $6,773,000 after buying an additional 22,501 shares during the last quarter. 12.49% of the stock is currently owned by institutional investors.
Magal Security Systems Ltd. (MAGS) traded down $0.06 on Friday, hitting $5.80. The stock had a trading volume of 24,415 shares, compared to its average volume of 46,139. Magal Security Systems Ltd. has a 52 week low of $4.13 and a 52 week high of $8.00. The company has a market capitalization of $133.47, a PE ratio of -32.22 and a beta of 0.77.
Magal Security Systems (NASDAQ:MAGS) last announced its earnings results on Thursday, November 16th. The industrial products company reported ($0.01) EPS for the quarter. Magal Security Systems had a negative return on equity of 5.30% and a negative net margin of 7.05%. The firm had revenue of $13.69 million for the quarter.
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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.
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