RMG Networks (RMGN) Trading Down 20.1%

RMG Networks Holding Co. (NASDAQ:RMGN)’s share price was down 20.1% on Monday . The company traded as low as $1.21 and last traded at $1.27. Approximately 1,720,200 shares were traded during trading, a decline of 44% from the average daily volume of 3,081,478 shares. The stock had previously closed at $1.59.

A number of equities analysts have recently weighed in on RMGN shares. Zacks Investment Research raised shares of RMG Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Roth Capital cut shares of RMG Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $3.00 to $1.00 in a research note on Wednesday, November 8th.

RMG Networks (NASDAQ:RMGN) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.05). RMG Networks had a negative net margin of 14.28% and a negative return on equity of 63.63%. equities research analysts anticipate that RMG Networks Holding Co. will post -0.54 EPS for the current year.

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RMG Networks 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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