RMG Networks Holding Corporation (NASDAQ:RMGN) Upgraded at Zacks Investment Research

RMG Networks Holding Corporation (NASDAQ:RMGN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, October 5th.

According to Zacks, “RMG Networks Holding Corporation operates as a digital signage company. Its business units offers content and advertising delivered through digital place-based networks, including digital airline media networks and mall media networks. The Company’s suite of products includes media services, software, software-embedded hardware, technical services and third-party displays. RMG Networks Holding Corporation, formerly known as SCG Financial Acquisition Corp., is based in Plano, Texas. “

A number of other equities research analysts have also recently weighed in on RMGN. Roth Capital set a $4.00 price objective on RMG Networks Holding Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. ValuEngine upgraded RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.

Shares of RMG Networks Holding Corporation (NASDAQ RMGN) traded up 0.51% on Thursday, hitting $1.97. 4,526 shares of the stock were exchanged. The stock’s market cap is $21.98 million. The stock’s 50-day moving average is $2.19 and its 200-day moving average is $2.65. RMG Networks Holding Corporation has a 1-year low of $1.55 and a 1-year high of $4.44.

RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). RMG Networks Holding Corporation had a negative return on equity of 50.92% and a negative net margin of 11.30%. The company had revenue of $9.09 million for the quarter, compared to the consensus estimate of $10.10 million. Analysts forecast that RMG Networks Holding Corporation will post ($0.44) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “RMG Networks Holding Corporation (NASDAQ:RMGN) Upgraded at Zacks Investment Research” was originally posted by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://baseballnewssource.com/markets/rmg-networks-holding-corporation-rmgn-lifted-to-hold-at-zacks-investment-research/1699358.html.

A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC lifted its position in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,100 shares of the business services provider’s stock after purchasing an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.17% of the company’s stock.

About RMG Networks Holding Corporation

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. It offers suite of products, including proprietary software, software-embedded hardware, maintenance and support services, content and creative services, installation services, and third-party displays. The company provides Enterprise Server (ES), a robust software application server used to collect content from various applications and other data sources; and Media Players/Smart Digital Appliances, which are software pre-loaded media players that function as the content storage and rendering hardware between its ES content engine and the visual display end-points.

Get a free copy of the Zacks research report on RMG Networks Holding Corporation (RMGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RMG Networks Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMG Networks Holding Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.