Magal Awarded $3.5 Million Airport Security Contract

Magal Security Systems, Ltd. (MAGS) announced on November 10 that the company was awarded new contract to provide integrated security solutions at some of the world’s biggest airports. The contract totals around $3.5 million and includes international sites such as Barcelona airport and Indira Gandhi International airport in New Delhi. Magal is a leading international provider of physical and video security solutions.

 

Sonal received the news and issued an alert at 10:09 am. The next trade was for $4.25 at 10:15 am. The stock price closed higher for the day at $4.35, and the trend continued for the next few trading sessions. Magal closed at $4.61 on November 17. That makes a gain of almost 9% in the days following the announcement.

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