Magnet Forensics Inc. (OTC:MAGTF – Get Rating) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as $15.70 and last traded at $15.70. 6,500 shares changed hands during trading, an increase of 268% from the average session volume of 1,767 shares. The stock had previously closed at $15.65.
Wall Street Analyst Weigh In
Several research analysts have weighed in on MAGTF shares. CIBC lowered their target price on shares of Magnet Forensics from C$34.00 to C$25.00 in a research report on Tuesday, June 14th. Canaccord Genuity Group lowered their price target on shares of Magnet Forensics from C$45.00 to C$40.00 in a research report on Friday, May 6th. Royal Bank of Canada decreased their target price on shares of Magnet Forensics from C$42.00 to C$35.00 in a research report on Friday, May 6th. Finally, BMO Capital Markets decreased their target price on shares of Magnet Forensics from C$38.00 to C$32.00 in a research report on Friday, May 6th.
Magnet Forensics Stock Performance
The business has a 50 day simple moving average of $13.54.
About Magnet Forensics
Magnet Forensics Inc, together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, and Europe. It offers Magnet AXIOM, a digital investigations platform to recover analyze, and report on digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM.
- Get a free copy of the StockNews.com research report on Magnet Forensics (MAGTF)
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