RMG Networks Holding Corporation (NASDAQ:RMGN) received a $3.00 price target from research analysts at Roth Capital in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the business services provider’s stock. Roth Capital’s price objective points to a potential upside of 100.00% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine downgraded shares of RMG Networks Holding Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.

RMG Networks Holding Corporation (NASDAQ:RMGN) traded down 21.267% during mid-day trading on Wednesday, reaching $1.181. 102,028 shares of the company’s stock traded hands. The company’s market capitalization is $13.17 million. The company has a 50-day moving average of $2.03 and a 200-day moving average of $2.54. RMG Networks Holding Corporation has a 52-week low of $1.18 and a 52-week high of $4.42.

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

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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC raised its stake in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 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 owned by institutional investors and hedge funds.

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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