Zacks Investment Research upgraded shares of RMG Networks Holding Corp. (NASDAQ:RMGN) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “RMG Networks Holding Corporation operates as a digital signage company. Its business units offers content and advertising delivered through digital place-based networks, including digital airline media networks and mall media networks. The Company’s suite of products includes media services, software, software-embedded hardware, technical services and third-party displays. RMG Networks Holding Corporation, formerly known as SCG Financial Acquisition Corp., is based in Plano, Texas. “

Shares of RMG Networks Holding Corp. (NASDAQ:RMGN) traded up 1.9675% on Thursday, hitting $0.6893. The company had a trading volume of 23,037 shares. The firm’s 50 day moving average price is $0.88 and its 200-day moving average price is $0.98. RMG Networks Holding Corp. has a 52 week low of $0.55 and a 52 week high of $1.30. The stock’s market capitalization is $25.42 million.

RMG Networks Holding Corp. (NASDAQ:RMGN) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. RMG Networks Holding Corp. had a negative return on equity of 63.95% and a negative net margin of 12.78%. The company earned $8.70 million during the quarter, compared to analyst estimates of $9.30 million. Analysts forecast that RMG Networks Holding Corp. will post ($0.14) earnings per share for the current fiscal year.

5 Day Chart for NASDAQ:RMGN

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