RMG Networks Holding Corporation (RMGN) Releases Earnings Results, Misses Estimates By $0.05 EPS
RMG Networks Holding Corporation (NASDAQ:RMGN) issued its earnings results on Tuesday. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.05), reports. RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%.
Shares of RMG Networks Holding Corporation (RMGN) traded down $0.34 during mid-day trading on Tuesday, hitting $1.04. 103,056 shares of the stock were exchanged, compared to its average volume of 58,892. RMG Networks Holding Corporation has a 12 month low of $1.05 and a 12 month high of $4.42.
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A number of equities research analysts have recently issued reports on the stock. Roth Capital set a $3.00 target price on shares of RMG Networks Holding Corporation and gave the company a “buy” rating in a report on Wednesday, November 1st. ValuEngine raised shares of RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of RMG Networks Holding Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
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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