Published On: Sat, Sep 10th, 2016

Zacks Investment Research Upgrades RMG Networks Holding Corp. (RMGN) to “Hold”

RMG Networks Holding Corp. (NASDAQ:RMGN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
Shares of RMG Networks Holding Corp. (NASDAQ:RMGN) remained flat at $0.92 during mid-day trading on Wednesday. 6,447 shares of the stock were exchanged. RMG Networks Holding Corp. has a one year low of $0.55 and a one year high of $1.30. The stock’s 50 day moving average is $0.98 and its 200-day moving average is $1.00. The company’s market capitalization is $33.93 million.

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RMG Networks Holding Corp. (NASDAQ:RMGN) last released its earnings results on Thursday, August 11th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. RMG Networks Holding Corp. had a negative net margin of 12.78% and a negative return on equity of 63.95%. The company earned $8.70 million during the quarter, compared to analysts’ expectations of $9.30 million. Equities analysts forecast that RMG Networks Holding Corp. will post ($0.14) EPS for the current fiscal year.

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