Magnet Forensics (OTC:MAGTF) Lowered to Sector Perform at Royal Bank of Canada

Royal Bank of Canada lowered shares of Magnet Forensics (OTC:MAGTF – Get Rating) from an outperform rating to a sector perform rating in a report released on Monday, The Fly reports.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets cut shares of Magnet Forensics from an outperform rating to a market perform rating in a research report on Monday. Stifel Nicolaus cut shares of Magnet Forensics from a buy rating to a hold rating in a research report on Monday. Finally, Canaccord Genuity Group increased their price target on shares of 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 company’s 50 day moving average is $28.82 and its 200 day moving average is $21.36. Magnet Forensics has a 1-year low of $12.10 and a 1-year high of $33.02.

Magnet Forensics Company Profile

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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.