RMG Networks Holding Corporation (NASDAQ:RMGN) has been given a $4.00 price target by equities researchers at Roth Capital in a report issued on Tuesday, August 1st. The firm presently has a “buy” rating on the business services provider’s stock.

Separately, ValuEngine upgraded RMG Networks Holding Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 6th.

RMG Networks Holding Corporation (NASDAQ:RMGN) traded up 10.5088% during mid-day trading on Tuesday, reaching $0.6299. The company’s stock had a trading volume of 89,206 shares. RMG Networks Holding Corporation has a one year low of $0.53 and a one year high of $1.11. The company’s market capitalization is $28.11 million. The stock has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.74. RMG Networks Holding Corporation shares are set to reverse split on the morning of Tuesday, August 15th. The 1-4 reverse split was announced on Tuesday, August 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 14th.

RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $9.09 million for the quarter, compared to the consensus estimate of $10.10 million. RMG Networks Holding Corporation had a negative return on equity of 50.92% and a negative net margin of 11.30%. Equities research analysts forecast that RMG Networks Holding Corporation will post ($0.11) EPS for the current year.

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An institutional investor recently raised its position in RMG Networks Holding Corporation stock. Renaissance Technologies LLC raised its position in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 267,100 shares of the business services provider’s stock after buying an additional 4,600 shares during the period. Renaissance Technologies LLC owned 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent quarter. Institutional investors own 9.50% of the company’s stock.

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