Quite a number of plausible contributory reasons come to mind...maybe word got out about MAGAL's expanded product line, huge boundary deals in the works, how oversold it is, likelihood of a short squeeze soon, very attractive price range, etc. You might start by reviewing the Company profile, history, and product information, much of which is available at this site. Good luck in your investing.
Another day of high volume -- nice price movement also as of 2pm. Finally filled my own limit order early today @ 2 7/16 (got lucky and "caught the flick"). Any Israelis out there who might know what is going on with this company/stock? i.e., Do you think this is strictly a technical movement or might there be some brewing news vis-a'-vis the FAA, earnings, etc.?
Do anyone have the trading log of MAGSF for Thursday ? This is a great company and very undervalued, and I fully expect others to take notice of yesterdays rise and look into MAGSF this weekend(like myself).