Magnet Forensics (OTC:MAGTF) Trading Up 9%

Magnet Forensics Inc. (OTC:MAGTFGet Rating) was up 9% during mid-day trading on Friday . The stock traded as high as $33.02 and last traded at $32.27. Approximately 3,202 shares traded hands during trading, an increase of 167% from the average daily volume of 1,201 shares. The stock had previously closed at $29.60.

Analyst Ratings Changes

Several analysts have weighed in on MAGTF shares. Canaccord Genuity Group boosted their price objective on Magnet Forensics from C$40.00 to C$42.00 in a report on Thursday, November 10th. Royal Bank of Canada boosted their price objective on Magnet Forensics from C$35.00 to C$38.00 in a report on Thursday, November 10th. Stifel Nicolaus boosted their price objective on Magnet Forensics from C$40.00 to C$44.00 in a report on Thursday, November 10th. Finally, BMO Capital Markets boosted their price objective on Magnet Forensics from C$32.00 to C$34.00 in a report on Thursday, November 10th.

Magnet Forensics Price Performance

The company has a 50-day moving average of $28.64 and a 200-day moving average of $21.12.

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.

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