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

RMG Networks (NASDAQ:RMGN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, January 10th.

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. “

Separately, Roth Capital lowered shares of RMG Networks from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $3.00 to $1.00 in a research note on Wednesday, November 8th.

Shares of RMG Networks (NASDAQ:RMGN) traded down $0.11 on Wednesday, hitting $1.16. 841,400 shares of the company’s stock were exchanged, compared to its average volume of 2,857,470. RMG Networks has a 1-year low of $0.75 and a 1-year high of $4.44.

RMG Networks (NASDAQ:RMGN) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). RMG Networks had a negative net margin of 14.28% and a negative return on equity of 63.63%. equities research analysts anticipate that RMG Networks will post -0.54 EPS for the current year.

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About RMG Networks

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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