Zacks Investment Research downgraded shares of RMG Networks Holding Co. (NASDAQ:RMGN) from a hold rating to a sell rating in a report published on Wednesday, August 9th.
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. “
A number of other research firms also recently commented on RMGN. Roth Capital set a $4.00 price objective on shares of RMG Networks Holding and gave the stock a buy rating in a report on Tuesday, August 1st. ValuEngine downgraded shares of RMG Networks Holding from a sell rating to a strong sell rating in a report on Tuesday, May 16th.
RMG Networks Holding (NASDAQ:RMGN) traded down 2.56% during midday trading on Wednesday, hitting $1.90. 17,608 shares of the stock were exchanged. RMG Networks Holding has a 12-month low of $1.55 and a 12-month high of $4.44. The stock’s market cap is $21.19 million. The firm has a 50 day moving average of $2.57 and a 200-day moving average of $2.95.
RMG Networks Holding (NASDAQ:RMGN) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $9.09 million during the quarter, compared to the consensus estimate of $10.10 million. RMG Networks Holding had a negative net margin of 11.30% and a negative return on equity of 50.92%. On average, equities analysts expect that RMG Networks Holding will post ($0.44) earnings per share for the current year.
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An institutional investor recently raised its position in RMG Networks Holding stock. Renaissance Technologies LLC raised its position in RMG Networks Holding Co. (NASDAQ:RMGN) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.60% of RMG Networks Holding worth $210,000 at the end of the most recent reporting period. 9.50% of the stock is owned by institutional investors and hedge funds.
RMG Networks Holding 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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