It May Be Time to Sell Shares of RMG Networks (NASDAQ:RMGN) as Roth Capital Has Downgraded The Company

February 13, 2018 - By Peter Erickson

  It May Be Time to Sell Shares of RMG Networks (NASDAQ:RMGN) as Roth Capital Has Downgraded The Company

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

Roth Capital cut their rating for shares of RMG Networks (NASDAQ:RMGN) stock to a solid Hold. This change was shared with investors in analysts note earlier today. The financial company after the upgrade now has a $1.0 price target on firm.

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

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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