RMG Networks Holding Corporation (RMGN) Given Consensus Recommendation of “Hold” by Analysts

RMG Networks Holding Corporation (NASDAQ:RMGN) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. RMG Networks’ rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price target of $1.00 for the company and are predicting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also assigned RMG Networks an industry rank of 119 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of RMG Networks from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Roth Capital lowered shares of RMG Networks from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.00 to $1.00 in a research report on Wednesday, November 8th. Finally, ValuEngine lowered shares of RMG Networks from a “hold” rating to a “sell” rating in a research report on Friday, September 1st.

An institutional investor recently raised its position in RMG Networks stock. Renaissance Technologies LLC boosted its holdings in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 267,100 shares of the business services provider’s stock after buying an additional 4,600 shares during the period. Renaissance Technologies LLC owned approximately 0.60% of RMG Networks worth $210,000 as of its most recent SEC filing. 1.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of RMG Networks (RMGN) traded down $0.02 during mid-day trading on Thursday, hitting $0.95. 78,555 shares of the stock were exchanged, compared to its average volume of 23,291. RMG Networks has a 12 month low of $0.91 and a 12 month high of $4.44.

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RMG Networks Company Profile

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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