RMG Networks Holding Corporation (RMGN) VP Acquires $15,642.00 in Stock
RMG Networks Holding Corporation (NASDAQ:RMGN) VP Jana A. Bell acquired 7,900 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average price of $1.98 per share, with a total value of $15,642.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
RMG Networks Holding Corporation (NASDAQ RMGN) traded up 3.16% during trading on Monday, reaching $1.96. 12,653 shares of the company were exchanged. The company’s market capitalization is $21.86 million. RMG Networks Holding Corporation has a one year low of $1.55 and a one year high of $4.44. The firm’s 50-day moving average is $2.55 and its 200 day moving average is $2.95.
RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its earnings results on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%. The business had revenue of $9.09 million during the quarter, compared to analyst estimates of $10.10 million. On average, analysts anticipate that RMG Networks Holding Corporation will post ($0.44) EPS for the current fiscal year.
A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC increased its stake in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,500 shares of the business services provider’s stock after buying an additional 18,300 shares during the period. Renaissance Technologies LLC owned about 0.71% of RMG Networks Holding Corporation worth $188,000 as of its most recent SEC filing. 9.50% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on RMGN shares. ValuEngine cut shares of RMG Networks Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Roth Capital set a $4.00 price objective on shares of RMG Networks Holding Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of RMG Networks Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
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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