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.
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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.
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