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Magnetek Inc (NYSE:MAG) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Magnetek Inc(NYSE:MAG) to Hold in a statement released on 8/19/2016.

Just yesterday Magnetek Inc (NYSE:MAG) traded 3.16% lower at $50.06. Magnetek Inc’s 50-day moving average is $16.16 and its 200-day average is $12.95. The last stock price close is up 18.33% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. 121,090 shares of the stock traded hands, down from ann avg. volume of 133,625.

Recent Performance Graph:

Magnetek Inc (NYSE:MAG)

Magnetek Inc has a one-year low of $6.12 and a 52 week high of $18.12 and has a market cap of $0.0.

Brief Synopsis About Magnetek Inc (NYSE:MAG)

Magnetek, Inc. (Magnetek) is a provider of digital power control systems that are used to control motion and power in material handling, elevator and mining applications. The Company’s products are sold directly or through manufacturers’ representatives to original equipment manufacturers (OEMs) for incorporation into their products, to system integrators and value-added resellers for assembly and incorporation into end-user systems, to distributors for resale to OEMs and contractors, and to end users for repair and replacement purposes. The Company’s brand names include Telemotive, Electromotive Systems, OmniPulse, IMPULSE, Enrange, Mondel, M-FORCE and Quattro, among others. Magnetek is a provider of power control and delivery systems and solutions for overhead material handling applications used in a number of diverse industries, including aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, and and heavy movable structures.

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