Magal Security Systems: Falls as Q1 results disappoint

Senstar Technologies

24/05/2021 15:50

** Security solutions provider's shares  MAGS.O  fall ~3%
to$4.84 - set for second straight session of losses
    ** Revenue for Q1 falls ~14% to $6.5 mln, due to the impact
of COVID-19 in regions that still have strict limitations on
traveling, gathering in groups, and social distancing, co says
    ** Net loss attributable to Magal shareholders in Q1 was $2
mln, or 9 cents per share, compared to net income of $438,000,
or 2 cents per share, a year ago  urn:newsml:reuters.com:*:nPn1xSCksa
    ** Including Monday's losses, MAGS is still up ~25% so far
this year

 (Reporting by Akanksha Rana)