Zacks Investment Research upgraded shares of RMG Networks Holding Corporation (NASDAQ:RMGN) from a sell rating to a hold rating in a research note released 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. “

Several other brokerages have also commented on RMGN. ValuEngine lowered shares of RMG Networks Holding Corporation from a hold rating to a sell rating in a research note on Friday, September 1st. Roth Capital set a $4.00 target price on shares of RMG Networks Holding Corporation and gave the company a buy rating in a research note on Tuesday, August 1st.

Shares of RMG Networks Holding Corporation (NASDAQ:RMGN) opened at 2.3945 on Thursday. RMG Networks Holding Corporation has a 12 month low of $1.55 and a 12 month high of $4.42. The company’s 50-day moving average is $2.17 and its 200-day moving average is $2.69. The stock’s market capitalization is $26.71 million.

RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.12) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%. The company had revenue of $9.09 million for the quarter, compared to analyst estimates of $10.10 million. Equities research analysts expect that RMG Networks Holding Corporation will post ($0.44) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC boosted its position in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,100 shares of the business services provider’s stock after buying an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent reporting period. 10.17% of the stock is owned by institutional investors.

About RMG Networks Holding Corporation

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. 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. The company provides Enterprise Server (ES), 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.

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