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 on Thursday.

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 0.70 on Thursday. The stock’s market capitalization is $25.82 million. 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 $0.89 and its 200-day moving average is $0.98.

RMG Networks Holding Corp. (NASDAQ:RMGN) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $9.30 million. On average, equities research analysts expect that RMG Networks Holding Corp. will post ($0.14) EPS for the current year.

5 Day Chart for NASDAQ:RMGN

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