Magal Security Systems (MAGS: Quote) reported a fourth quarter net profit of $0.27 per share Wednesday morning, compared to the net loss of $0.14 per share last year.
Magal Security Systems gapped open higher Wednesday, but traded in a range for the majority of the session. Shares finished up by 0.87 at $5.43 on the highest volume of the year. The stock rose above a 4-month range and set a new high for the year.
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by RTT Staff Writer
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