Magal Security Systems Ltd. (MAGS) Forms $5.38 Double Bottom; Shorts at Silicon Motion Technology (SIMO) Raised By 0.64%

Magal Security Systems Ltd. (MAGS) formed double bottom with $4.90 target or 9.00% below today’s $5.38 share price. Magal Security Systems Ltd. (MAGS) has $123.81 million valuation. The stock increased 0.56% or $0.03 during the last trading session, reaching $5.38. About 16,289 shares traded. Magal Security Systems Ltd. (NASDAQ:MAGS) has risen 33.26% since December 27, 2016 and is uptrending. It has outperformed by 16.56% the S&P500.

Silicon Motion Technology Corporation (NASDAQ:SIMO) had an increase of 0.64% in short interest. SIMO’s SI was 3.03M shares in December as released by FINRA. Its up 0.64% from 3.01 million shares previously. With 478,900 avg volume, 6 days are for Silicon Motion Technology Corporation (NASDAQ:SIMO)’s short sellers to cover SIMO’s short positions. The SI to Silicon Motion Technology Corporation’s float is 9.36%. The stock increased 1.19% or $0.63 during the last trading session, reaching $53.4. About 31,255 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since December 27, 2016 and is uptrending. It has outperformed by 4.76% the S&P500.

Among 17 analysts covering Silicon Motion (NASDAQ:SIMO), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Silicon Motion had 35 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 7 by Needham. As per Tuesday, August 18, the company rating was downgraded by Bank of America. Pacific Crest upgraded Silicon Motion Technology Corporation (NASDAQ:SIMO) on Monday, August 17 to “Outperform” rating. On Friday, October 27 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Northland Capital maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) on Friday, October 27 with “Buy” rating. On Tuesday, July 28 the stock rating was maintained by Topeka Capital Markets with “Buy”. The stock of Silicon Motion Technology Corporation (NASDAQ:SIMO) earned “Buy” rating by Northland Capital on Friday, July 7. The rating was maintained by Brean Capital with “Buy” on Wednesday, March 23. The rating was downgraded by Standpoint Research on Tuesday, June 6 to “Sell”. The rating was maintained by Roth Capital with “Buy” on Monday, July 10.

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets semiconductor solutions for the mobile storage and mobile communications markets worldwide. The company has market cap of $1.91 billion. It offers embedded storage and expandable storage products, including NAND flash controllers, such as embedded MultiMediaCard , client solid-state drive (SSD), flash memory card, and Universal Serial Bus flash drive controllers. It has a 20.86 P/E ratio. The firm also provides specialty storage solutions, such as customized enterprise-grade Peripheral Component Interconnect Express (PCIe) SSDs; and industrial-grade and commercial-grade single-chip SSDs.