The stock of Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) hit a new 52-week high and has $8.83 target or 47.00% above today’s $6.01 share price. The 9 months bullish chart indicates low risk for the $109.32M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $8.83 price target is reached, the company will be worth $51.38M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 252,779 shares traded hands or 317.58% up from the average. Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) has risen 26.12% since April 19, 2016 and is uptrending. It has outperformed by 22.26% the S&P500.
According to Zacks Investment Research, “Magal Security Systems Ltd. is engaged in the development, manufacturing and marketing of computerized security systems used to automatically delect and deter human instrusion, and to locate and identity explosive devices in luggage, packages and other parcels for both civilian and military markets in Israel and throughout the world.”
More important recent Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) news were published by: Bidnessetc.com which released: “Magal Security Systems Limited (USA) (MAGS) Jumps On Third-Quarter Results” on November 20, 2014, also Marketwatch.com published article titled: “Airport Security Market Report 2016-2026”, Upi.com published: “Israel introduces RoboGuard sensor system for perimeter security” on September 03, 2014. More interesting news about Magal Security Systems Ltd. (USA) (NASDAQ:MAGS) was released by: Ft.com and their article: “Israel developing ‘underground’ Iron Dome” with publication date: February 03, 2016.
MAGS Company Profile
Magal Security Systems Ltd., incorporated on March 27, 1984, is an international well-known 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. The Company’s portfolio of critical infrastructure protection and site protection technologies includes a range of smart barriers and fences, fence mounted sensors, virtual gates, buried and concealed detection systems, and sensors for sub-surface intrusion such as to secure pipelines. The Firm offers integrated solutions for critical sites, managed by Fortis4G, its fourth generation Physical Security Information Management system (PSIM). The solutions leverage its portfolio of homegrown Perimeter Intrusion Detection Systems (PIDS), advanced outdoors Close Circuit Television (CCTV)/Intelligent Video Analysis (IVA), technology and cyber security solutions. The Firm develops makes, markets and sells lines of physical and cyber security products. The systems are used in over 80 countries to protect sensitive facilities, including national borders, military bases, power plants, airports, seaports, prisons, industrial sites, gas and oil facilities, Olympic villages and stadiums and municipalities from intrusion, crime, sabotage or vandalism to infrastructure, assets and personnel. The Company’s integrated solutions are based on a range of in-house product portfolios, complemented by original equipment maker (OEM) and third party products.
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