Magnitude International (NASDAQ:MAGH) Stock Price Up 9.2% – Still a Buy?

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Magnitude International in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Magnitude International currently has a consensus rating of “Sell”.

Magnitude International Trading Up 9.2%

The firm has a 50-day moving average price of $6.76.

Institutional Trading of Magnitude International

A hedge fund recently bought a new stake in Magnitude International stock. Jane Street Group LLC bought a new position in Magnitude International Ltd (NASDAQ:MAGH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 82,143 shares of the company’s stock, valued at approximately $555,000. Jane Street Group LLC owned approximately 0.23% of Magnitude International as of its most recent filing with the SEC.

Magnitude International Company Profile

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 .