Zacks Investment Research Lowers RMG Networks Holding Corporation (RMGN) to Sell

Zacks Investment Research lowered shares of RMG Networks Holding Corporation (NASDAQ:RMGN) from a hold rating to a sell rating in a research report report published on Saturday.

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 analysts have also recently commented on RMGN. Roth Capital set a $3.00 price target on shares of RMG Networks Holding Corporation and gave the stock a buy rating in a research note on Wednesday, November 1st. ValuEngine upgraded shares of RMG Networks Holding Corporation from a sell rating to a hold rating in a research note on Wednesday, August 16th.

RMG Networks Holding Corporation (NASDAQ:RMGN) opened at $1.03 on Friday. RMG Networks Holding Corporation has a one year low of $0.91 and a one year high of $4.44.

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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC boosted its stake in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,100 shares of the business services provider’s stock after purchasing an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 as of its most recent SEC filing. 9.45% 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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