RMG Networks Holding Corporation (NASDAQ:RMGN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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. “

Other equities research analysts also recently issued reports about the stock. Roth Capital set a $3.00 target price on shares of RMG Networks Holding Corporation and gave the company a “buy” rating in a research note on Wednesday, November 1st. ValuEngine upgraded shares of RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.

Shares of RMG Networks Holding Corporation (RMGN) opened at $1.03 on Friday. RMG Networks Holding Corporation has a one year low of $0.91 and a one year high of $4.44.

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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC lifted its stake in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 Holding Corporation worth $210,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.17% of the company’s stock.

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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