RMG Networks Holding Corporation (RMGN) Upgraded to Hold by 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 Friday.
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. “
RMGN has been the subject of a number of other research reports. ValuEngine upgraded RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Roth Capital set a $4.00 price objective on RMG Networks Holding Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st.
Shares of RMG Networks Holding Corporation (NASDAQ RMGN) opened at 2.28 on Friday. RMG Networks Holding Corporation has a one year low of $1.55 and a one year high of $4.44. The firm’s market capitalization is $25.38 million. The company’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.85.
RMG Networks Holding Corporation (NASDAQ:RMGN) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ 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 business had revenue of $9.09 million during the quarter, compared to analyst estimates of $10.10 million. On average, analysts expect that RMG Networks Holding Corporation will post ($0.44) EPS for the current fiscal year.
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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC increased its position in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,100 shares of the business services provider’s stock after buying an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent reporting period. 10.17% of the stock is currently owned by hedge funds and other institutional investors.
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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