RMG Networks Holding Corporation (NASDAQ:RMGN) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other equities research analysts have also recently weighed in on RMGN. Roth Capital set a $4.00 price objective on shares of RMG Networks Holding Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of RMG Networks Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.

Shares of RMG Networks Holding Corporation (RMGN) traded down 2.94% during trading on Friday, reaching $2.31. 25,591 shares of the company traded hands. The stock’s market capitalization is $25.77 million. RMG Networks Holding Corporation has a 12-month low of $1.55 and a 12-month high of $4.42. The firm’s 50 day moving average is $2.41 and its 200-day moving average is $2.91.

RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $9.09 million for the quarter, compared to analysts’ expectations 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%. On average, equities research analysts anticipate that RMG Networks Holding Corporation will post ($0.44) earnings per share 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 boosted its stake in RMG Networks Holding Corporation (NASDAQ:RMGN) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.71% of RMG Networks Holding Corporation worth $188,000 at the end of the most recent reporting period. 10.17% of the stock is currently owned by institutional investors and hedge funds.

RMG Networks Holding Corporation 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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