Magnetek, Inc. (NASDAQ: MAG) is on The StockGuru Leader Board today. The stock is up as much as 22.04% on Wednesday.
Volume traded – so far – as this release was issued intraday: 131,422
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About the Company:
Magnetek, Inc. provides digital power control systems to control motion and power primarily in material handling, elevator, and energy delivery applications. It offers power control and delivery systems and solutions for overhead material handling applications used in industries, such as aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, locomotive yards, and heavy movable structures. The companys material handling products comprise drive systems; radio remote controls; and braking, collision-avoidance, and electrification subsystems. Its elevator application products consist of direct current high performance elevator drives, as well as AC drives for low and high performance traction elevators. The company also provides energy delivery products, including power inverters for fuel cells and wind turbines, which deliver AC power from these energy sources to the utility power grid, as well as offers drives for underground coal mining equipment. Magnetek, Inc. sells its products directly or through manufacturers representatives to original equipment manufacturers (OEM), system integrators, value-added resellers, end-users, and distributors in the United States, Canada, and the United Kingdom. The company was founded in 1984 and is headquartered in Menomonee Falls, Wisconsin.
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