How Bad Does RMG Networks (NASDAQ:RMGN) Look Now? Roth Capital Has Just Downgraded Shares

February 13, 2018 - By Marie Mckinney

  How Bad Does RMG Networks (NASDAQ:RMGN) Look Now? Roth Capital Has Just Downgraded Shares

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

Roth Capital has issued an update for RMG Networks (NASDAQ:RMGN) shares with a new Hold rating in an analyst report revealed to clients and investors on 8 November. Their target price per share on the stock is now $1.0.

RMG Networks Holding Corporation (NASDAQ:RMGN) Ratings Coverage

Among 2 analysts covering RMG Networks Holding Corporation (NASDAQ:RMGN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. RMG Networks Holding Corporation has $3.0 highest and $1.1000 lowest target. $2.10’s average target is 148.84% above currents $0.8439 stock price. RMG Networks Holding Corporation had 6 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Buy” rating given on Wednesday, November 1 by Roth Capital. The rating was maintained by Roth Capital on Tuesday, August 1 with “Buy”. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Buy” rating given on Friday, August 28 by TH Capital. The firm earned “Buy” rating on Friday, March 11 by Roth Capital. The firm has “Neutral” rating given on Wednesday, November 8 by Roth Capital. On Friday, August 28 the stock rating was initiated by Roth Capital with “Buy”.

The stock decreased 3.99% or $0.0351 during the last trading session, reaching $0.8439. About 68,759 shares traded. RMG Networks Holding Corporation (NASDAQ:RMGN) has declined 27.40% since February 13, 2017 and is downtrending. It has underperformed by 44.10% the S&P500.

Analysts await RMG Networks Holding Corporation (NASDAQ:RMGN) to report earnings on March, 1. After $-0.17 actual earnings per share reported by RMG Networks Holding Corporation for the previous quarter, Wall Street now forecasts -11.76 % EPS growth.

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. The company has market cap of $9.42 million. 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. It currently has negative earnings. The firm provides Enterprise Server , 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.

Another recent and important RMG Networks Holding Corporation (NASDAQ:RMGN) news was published by Globenewswire.com which published an article titled: “RMG Positions to Expand in Multi-Billion Dollar Retail Digital Signage Market …” on September 26, 2017.

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