Magnitude International (NASDAQ:MAGH) Shares Up 9.2% – Here’s What Happened

Magnitude International Ltd (NASDAQ:MAGH)’s stock price shot up 9.2% on Wednesday . The company traded as high as $6.94 and last traded at $6.76. 2,336,200 shares were traded during mid-day trading, The stock had previously closed at $6.19.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Magnitude International in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Magnitude International Price Performance

The stock’s fifty day moving average price is $6.76.

Institutional Investors Weigh In On Magnitude International

A hedge fund recently raised its stake in Magnitude International stock. HRT Financial LP raised its position in shares of Magnitude International Ltd (NASDAQ:MAGH) by 326.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,452 shares of the company’s stock after buying an additional 42,439 shares during the period. HRT Financial LP owned about 0.16% of Magnitude International worth $374,000 at the end of the most recent reporting period.

About Magnitude International

Our mission is to become one of the leading integrated one-stop electrical installation services provider in Singapore. Our emphasis is to add value to all stakeholders by ensuring that all buildings which we have serviced are safe, functional and energy efficient. We have over 12 years of experience in providing electrical installation services to customers in both the private and public sectors in Singapore. During our operating history, we have been principally engaged in the provision of (i) electrical installation for private and public housing (including condominium, residential flats and bungalows), commercial and mixed-use developments as well as other types of public facilities (such as parks and bus interchanges), including, among others, the installation of generators, transformers, high and low tension systems, lightning protection systems, underground infrastructures, telecommunication systems, security systems, solar panel systems, capacitor banks, fire alarms and electric vehicle chargers; and (ii) various types of A&A works, such as rewiring and replacement/removal/ shifting/upgrading/addition of sub main cables, low and high tension switchgears, distribution boards, control panels, emergency switchboards, standby emergency generators and lightnings, for residential and commercial buildings as well as a wide range of other properties, including hotels, shopping malls, hospitals, government facilities, restaurants and mass rapid transit stations in a range of greenfield and brownfield electrical installation projects including .