Magnitude International (NASDAQ:MAGH) Posts Quarterly Earnings Results

Magnitude International (NASDAQ:MAGH) announced its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The company had revenue of $4.81 million during the quarter.

Magnitude International Price Performance

Shares of MAGH opened at $6.76 on Friday. The company has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $6.76. Magnitude International has a 52 week low of $0.99 and a 52 week high of $6.94.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Magnitude International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Magnitude International

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 .