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Roth Capital announced Magnetek Inc (NYSE:MAG), dropping its stock price target to $16.00 today

Yesterday Magnetek Inc (NYSE:MAG) traded -8.87% lower at $50.06. The company’s 50-day moving average is $16.00 and its 200-day moving average is $13.71. The last stock close price is up 2.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 84,590 shares of the stock were exchanged, down from an average trading volume of 122,641

In a report released on 10/04/2016 Roth Capital reduced the stock price target of Magnetek Inc (NYSE:MAG) from $18.00 to $16.00 reporting a possible downside of -0.68%.

See Chart Below

Magnetek Inc (NYSE:MAG)

Magnetek Inc has a 52 week low of $6.12 and a 52 week high of $18.12 The company’s market cap is currently $0.

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 heavy movable structures.

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