RMG Networks Holding Corp. (RMGN) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of RMG Networks Holding Corp. (NASDAQ:RMGN) from a hold rating to a sell rating in a report published on Saturday.

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) opened at 0.88 on Friday. The stock has a 50 day moving average of $0.92 and a 200-day moving average of $0.99. RMG Networks Holding Corp. has a 52-week low of $0.55 and a 52-week high of $1.30. The stock’s market capitalization is $32.46 million.

RMG Networks Holding Corp. (NASDAQ:RMGN) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $8.70 million for 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) EPS for the current fiscal year.

5 Day Chart for NASDAQ:RMGN

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