Magnet Forensics (OTC:MAGTF) Stock Rating Lowered by Stifel Nicolaus

Stifel Nicolaus lowered shares of Magnet Forensics (OTC:MAGTFGet Rating) from a buy rating to a hold rating in a report published on Monday morning, The Fly reports.

Several other brokerages also recently issued reports on MAGTF. Royal Bank of Canada raised their price objective on shares of Magnet Forensics from C$35.00 to C$38.00 in a research note on Thursday, November 10th. Canaccord Genuity Group raised their price objective on shares of Magnet Forensics from C$40.00 to C$42.00 in a research note on Thursday, November 10th. Finally, BMO Capital Markets cut Magnet Forensics from an outperform rating to a market perform rating in a research report on Monday.

Magnet Forensics Trading Up 1.3 %

Shares of MAGTF stock opened at $32.70 on Monday. Magnet Forensics has a 12 month low of $12.10 and a 12 month high of $33.02. The business’s 50 day moving average is $28.82 and its two-hundred day moving average is $21.36.

About Magnet Forensics

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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.

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