RMG Networks Holding Corporation (NASDAQ:RMGN) Announces Earnings Results
RMG Networks Holding Corporation (NASDAQ:RMGN) released its quarterly earnings data on Thursday. The business services provider reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03), MarketWatch Earnings reports. The company had revenue of $9.09 million during the quarter, compared to the consensus estimate of $10.10 million. RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.26%.
Shares of RMG Networks Holding Corporation (RMGN) traded down 4.36% during mid-day trading on Friday, hitting $0.57. 54,735 shares of the stock were exchanged. The stock’s market cap is $25.44 million. RMG Networks Holding Corporation has a one year low of $0.54 and a one year high of $1.11. The company has a 50-day moving average of $0.69 and a 200 day moving average of $0.75.
A number of analysts have recently issued reports on RMGN shares. ValuEngine downgraded shares of RMG Networks Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 16th. Roth Capital set a $1.00 price target on shares of RMG Networks Holding Corporation and gave the stock a “buy” rating in a report on Tuesday.
WARNING: “RMG Networks Holding Corporation (NASDAQ:RMGN) Announces Earnings Results” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/05/rmg-networks-holding-corporation-nasdaqrmgn-announces-earnings-results.html.
A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC boosted its stake in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 262,500 shares of the business services provider’s stock after buying an additional 18,300 shares during the period. Renaissance Technologies LLC owned approximately 0.71% of RMG Networks Holding Corporation worth $188,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.63% of the company’s stock.
Receive News & Ratings for RMG Networks Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMG Networks Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.