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Zacks Investment Research announced Magnetek Inc (NYSE:MAG), boosting its stock price target to $19.00 today

In a report announced on 8/18/2016 Zacks Investment Research increased the target price of Magnetek Inc (NYSE:MAG) from $0 to $19 stating a possible downside of -0.62%.

Displaying a price of $50.06, Magnetek Inc (NYSE:MAG) traded 3.16% lower on the day. With the last close up 18.33% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Magnetek Inc has registered a 50-day moving average of $16.16 and two hundred day average of $12.95. 121,090 shares of Magnetek Inc traded, down from ann avg. trading volume of 133,625

Recent Performance Graphic:

Magnetek Inc (NYSE:MAG)

Magnetek Inc has a one-year low of $6.12 and a one-year high of $18.12 . MAG’s market capitalization is currently $0.0.

General Information 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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