Stock News in Focus: Magal Security Systems, Ltd. (NASDAQ: MAGS)

Magal Security Systems, Ltd. (NASDAQ: MAGS) changed -0.96% to recent value of $5.14. The stock transacted 8302 shares during most recent day however it has an average volume of 12.17K shares. It spotted trading -13.03% off 52-week high price. On the other end, the stock has been noted 32.47% away from the low price over the last 52-weeks.

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced that it has been awarded a $6.7 million, 34 month contract, for the maintenance of border perimeter intrusion detection systems. Under this contract, Magal will maintain previously installed systems covering over 200 km of border.

Mr. Dror Sharon, CEO of Magal, commented: “This contract is a demonstration of how our systems are successfully protecting international borders and the trust that this governmental customer has in our technologies and service. Furthermore, this order is aligned with our long-term strategy of increasing our ongoing recurring revenue, through the provision of long-term maintenance contracts with our customers globally.”

 MAGS has a gross margin of 45.20%  while its profit margin remained 4.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained -598.20% for this year .

 The company has 22.96M of outstanding shares and 13.18M shares were floated in the market. The price moved ahead of -0.05% from the mean of 20 days, -0.78% from mean of 50 days SMA and performed -1.64% from mean of 200 days price. Company‚Äôs performance for the week was -0.38%, 0.78% for month and YTD performance remained 16.63%.

Leave a Reply

Your email address will not be published. Required fields are marked *