Brokerages Set $1.30 Price Target for RMG Networks Holding Corp. (NASDAQ:RMGN)

RMG Networks Holding Corp. (NASDAQ:RMGN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus target price of $1.30 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned RMG Networks Holding Corp. an industry rank of 58 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered RMG Networks Holding Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th.

RMG Networks Holding Corp. (NASDAQ:RMGN) traded down 2.8652% during midday trading on Thursday, reaching $0.8645. The company’s stock had a trading volume of 10,155 shares. The company’s market cap is $31.88 million. The firm has a 50 day moving average price of $0.93 and a 200-day moving average price of $0.99. RMG Networks Holding Corp. has a 12-month low of $0.55 and a 12-month high of $1.30.

RMG Networks Holding Corp. (NASDAQ:RMGN) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business earned $8.70 million during the quarter, compared to analyst estimates of $9.30 million. RMG Networks Holding Corp. had a negative return on equity of 63.95% and a negative net margin of 12.78%. On average, equities research analysts predict that RMG Networks Holding Corp. will post ($0.14) earnings per share for the current fiscal year.

5 Day Chart for NASDAQ:RMGN

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