RMG Networks Holding Corporation (RMGN) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of RMG Networks Holding Corporation (NASDAQ:RMGN) from a sell rating to a hold rating in a research note released on Thursday.
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. “
Several other research firms have also recently issued reports on RMGN. ValuEngine cut RMG Networks Holding Corporation from a hold rating to a sell rating in a research report on Friday, September 1st. 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 (RMGN) traded up 10.8565% during mid-day trading on Thursday, reaching $2.3945. The company had a trading volume of 52,410 shares. RMG Networks Holding Corporation has a one year low of $1.55 and a one year high of $4.44. The company has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.70. The company’s market capitalization is $26.71 million.
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 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 return on equity of 50.92% and a negative net margin of 11.30%. On average, analysts anticipate 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 grew its position in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the 1st quarter, according to its most recent 13F filing 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 quarter. Renaissance Technologies LLC owned 0.60% of RMG Networks Holding Corporation worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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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