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

February 13, 2018 - By Dolores Ford

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

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

Just today RMG Networks (NASDAQ:RMGN) has been cut by research professionals working for Roth Capital to a solid “Hold” rating. This was announced in a a note shared with investors and clients on Wednesday morning. The firm now has a $1.0 target price per share on shares. Roth Capital’s target price per share would suggest a possible upside of 19.05 %.

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 firm earned “Buy” rating on Friday, March 11 by Roth Capital. The firm earned “Buy” rating on Wednesday, November 1 by Roth Capital. The firm has “Buy” rating by TH Capital given on Friday, August 28. The rating was downgraded by Roth Capital to “Neutral” on Wednesday, November 8. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Buy” rating given on Friday, August 28 by Roth Capital. Roth Capital maintained RMG Networks Holding Corporation (NASDAQ:RMGN) rating on Tuesday, August 1. Roth Capital has “Buy” rating and $1.1000 target.

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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