RMG Networks Holding Corporation (RMGN) Downgraded by Roth Capital to Neutral
Roth Capital downgraded shares of RMG Networks Holding Corporation (NASDAQ:RMGN) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Roth Capital currently has $1.00 target price on the business services provider’s stock, down from their prior target price of $3.00.
RMGN has been the subject of a number of other reports. Zacks Investment Research downgraded RMG Networks Holding Corporation from a hold rating to a sell rating in a report on Wednesday, August 9th. ValuEngine downgraded RMG Networks Holding Corporation from a hold rating to a sell rating in a report on Friday, September 1st.
RMG Networks Holding Corporation (RMGN) traded down $0.06 during trading hours on Wednesday, reaching $1.03. The company had a trading volume of 23,200 shares, compared to its average volume of 72,265. RMG Networks Holding Corporation has a 52-week low of $0.91 and a 52-week high of $4.44.
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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC grew its holdings in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC). 10.17% of the stock is currently owned by hedge funds and other 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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