RMG Networks (NASDAQ:RMGN) May Have Just Reached An Inflection Point; Roth Capital Downgrades Shares

February 13, 2018 - By Darrin Black

  RMG Networks (NASDAQ:RMGN) May Have Just Reached An Inflection Point; Roth Capital Downgrades Shares

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

Roth Capital has downgraded their stock rating for shares of RMG Networks (NASDAQ:RMGN) to a “Hold” in a report revealed to investors on Wednesday morning, and has just set an estimated 12-month target price per share at $1.0. This target is 19.05 % from RMGN’s current share price.

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. TH Capital initiated RMG Networks Holding Corporation (NASDAQ:RMGN) rating on Friday, August 28. TH Capital has “Buy” rating and $1.2 target. On Friday, August 28 the stock rating was initiated by Roth Capital with “Buy”. The company was maintained on Friday, March 11 by Roth Capital. As per Wednesday, November 1, the company rating was maintained by Roth Capital. The firm has “Buy” rating given on Tuesday, August 1 by Roth Capital. Roth Capital downgraded the stock to “Neutral” rating in Wednesday, November 8 report.

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 EPS 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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