Magnet Forensics (OTC:MAGTF) Rating Lowered to Market Perform at BMO Capital Markets

Magnet Forensics (OTC:MAGTF – Get Rating) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.

Several other research analysts also recently issued reports on MAGTF. Stifel Nicolaus lifted their price objective on Magnet Forensics from C$40.00 to C$44.00 in a research report on Thursday, November 10th. Royal Bank of Canada lifted their price objective on Magnet Forensics from C$35.00 to C$38.00 in a research report on Thursday, November 10th. Finally, Canaccord Genuity Group lifted their price objective on Magnet Forensics from C$40.00 to C$42.00 in a research report on Thursday, November 10th.

Magnet Forensics Stock Performance

MAGTF stock opened at $32.70 on Monday. The firm has a 50 day moving average of $28.97 and a 200-day moving average of $21.49. Magnet Forensics has a 12-month low of $12.10 and a 12-month high of $33.02.

Magnet Forensics Company Profile

(Get Rating)

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, Australia, 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.