It May Be Time to Sell Shares of RMG Networks (NASDAQ:RMGN) as Roth Capital Has Downgraded The Company

February 13, 2018 - By marketbeat

  It May Be Time to Sell Shares of RMG Networks (NASDAQ:RMGN) as Roth Capital Has Downgraded The Company

RMG Networks (NASDAQ:RMGN) Receives a Downgrade

The stock rating of RMG Networks (NASDAQ:RMGN) was cut by expert analysts at Roth Capital to a “Hold”. This has been announced in a research note issued on Wednesday, 8 November. Roth Capital now has a $1.0 target on the shares, which means a possible upside of 19.05 %.

RMG Networks Holding Corporation (NASDAQ:RMGN) Ratings Coverage

Among 2 analysts covering RMG Networks Holding Corporation (NASDAQ:RMGN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. RMG Networks Holding Corporation has $3.0 highest and $1.1000 lowest target. $2.10’s average target is 148.84% above currents $0.8439 stock price. RMG Networks Holding Corporation had 6 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 1 by Roth Capital. Roth Capital maintained the stock with “Buy” rating in Friday, March 11 report. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Neutral” rating given on Wednesday, November 8 by Roth Capital. Roth Capital maintained the stock with “Buy” rating in Tuesday, August 1 report. The firm has “Buy” rating by TH Capital given on Friday, August 28. The stock has “Buy” rating by Roth Capital on Friday, August 28.

The stock decreased 3.99% or $0.0351 during the last trading session, reaching $0.8439. About 68,759 shares traded. RMG Networks Holding Corporation (NASDAQ:RMGN) has declined 27.40% since February 13, 2017 and is downtrending. It has underperformed by 44.10% the S&P500.

Analysts await RMG Networks Holding Corporation (NASDAQ:RMGN) to report earnings on March, 1. After $-0.17 actual earnings per share reported by RMG Networks Holding Corporation for the previous quarter, Wall Street now forecasts -11.76 % EPS growth.

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. The company has market cap of $9.42 million. 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. It currently has negative earnings. The firm provides Enterprise Server , 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.

Another recent and important RMG Networks Holding Corporation (NASDAQ:RMGN) news was published by Globenewswire.com which published an article titled: “RMG Positions to Expand in Multi-Billion Dollar Retail Digital Signage Market …” on September 26, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: