RMG Networks Holding Corporation (RMGN) Reaches New 1-Year Low at $1.43

Shares of RMG Networks Holding Corporation (NASDAQ:RMGN) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.43 and last traded at $1.43, with a volume of 62,652 shares. The stock had previously closed at $1.62.

Several analysts recently issued reports on the company. ValuEngine raised RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Roth Capital set a $4.00 price target on RMG Networks Holding Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th.

The company’s market cap is $16.73 million. The stock has a 50 day moving average of $2.03 and a 200 day moving average of $2.54.

RMG Networks Holding Corporation (NASDAQ:RMGN) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.12) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $9.09 million for the quarter, compared to analyst estimates 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 forecast that RMG Networks Holding Corporation will post ($0.44) earnings per share for the current year.

An institutional investor recently raised its position in RMG Networks Holding Corporation stock. Renaissance Technologies LLC increased its holdings in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,100 shares of the business services provider’s stock after acquiring an additional 4,600 shares during the period. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent quarter. 10.17% of the stock is owned by hedge funds and other institutional investors.

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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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