Shares of Magal Security Systems (Nasdaq:MAGS) have taken a tremendous swing upward. The stock is trading at $5.54 as of 9:30 a.m. ET, 21.5% above Tuesday's closing price of $4.56. Volume is at 350,106, three times the daily average of 115,800.
NEW YORK ( TheStreet) -- Shares of Magal Security Systems (Nasdaq: MAGS) have taken a tremendous swing upward. The stock is trading at $5.54 as of 9:30 a.m. ET, 21.5% above Tuesday's closing price of $4.56. Volume is at 350,106, three times the daily average of 115,800. Magal Security Systems has a market cap of $65 million and is part of the services sector and diversified services industry. Shares are up 21.9% year to date as of the close of trading on Tuesday. Magal Security Systems Ltd., together with its subsidiaries, develops, manufactures, markets, and sells computerized security systems used to automatically detect and deter human intrusion primarily in Israel, North America, Europe, South and Latin America, and Africa. The company has a P/E ratio of 12.9, above the average diversified services industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Magal Security Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Magal Security Systems Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.