Roth Capital Has Just Reported a Downgrade of RMG Networks (NASDAQ:RMGN) with a $1.0 Target Price

February 13, 2018 - By Darrin Black

  Roth Capital Has Just Reported a Downgrade of RMG Networks (NASDAQ:RMGN) with a $1.0 Target Price

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

Roth Capital has decreased their stock rating for shares of RMG Networks (NASDAQ:RMGN) to a “Hold” in a note issued to clients and investors on Wednesday morning, and has just set an estimated 12-month target 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. The rating was initiated by Roth Capital on Friday, August 28 with “Buy”. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Buy” rating given on Tuesday, August 1 by Roth Capital. Roth Capital maintained RMG Networks Holding Corporation (NASDAQ:RMGN) on Friday, March 11 with “Buy” rating. TH Capital initiated the stock with “Buy” rating in Friday, August 28 report. The firm earned “Buy” rating on Wednesday, November 1 by Roth Capital. The firm has “Neutral” rating by Roth Capital given on Wednesday, November 8.

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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