MAG Profile
Magnetek Inc. (MAG) is a leading manufacturer of digital power and motion control systems for a variety of industries, including material handling, elevator and escalator, mining, and alternative energy. The company's products are designed to improve productivity, safety, and energy efficiency for its customers.
As of its last market close, MAG had a market capitalization of approximately $32 million USD. The company had a trailing twelve-month revenue of approximately $61 million USD and a net loss of approximately $7 million USD. MAG's stock price had a 52-week range of $4.28 - $8.58 USD and was trading at approximately $4.69 USD at the time of its last market close.
Magnetek is focused on expanding its product offerings and growing its market share through the development of new technologies and the acquisition of complementary businesses. The company is also committed to enhancing its operational efficiency and improving its financial performance.
Investing in MAG carries risks, including risks associated with changes in economic conditions and the demand for power and motion control systems, as well as risks associated with changes in government regulations and taxes. Additionally, Magnetek is subject to operational risks, including risks associated with the manufacturing and delivery of its products, as well as financial risks, including risks associated with changes in interest rates and currency exchange rates. Investors should carefully consider these risks before making any investment decisions.
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