RMG Networks Holding Corporation (NASDAQ:RMGN)’s stock is going to reverse split on the morning of Tuesday, August 15th. The 1-4 reverse split was announced on Tuesday, August 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 14th.
RMG Networks Holding Corporation (RMGN) traded up 0.50% during trading on Thursday, hitting $2.00. The stock had a trading volume of 11,923 shares. The firm’s 50 day moving average is $2.63 and its 200 day moving average is $2.97. RMG Networks Holding Corporation has a 1-year low of $1.55 and a 1-year high of $4.44. The firm’s market cap is $22.31 million.
RMG Networks Holding Corporation (NASDAQ:RMGN) last released its earnings results on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.12). RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%. The firm had revenue of $9.09 million during the quarter, compared to the consensus estimate of $10.10 million. On average, analysts anticipate that RMG Networks Holding Corporation will post ($0.44) earnings per share for the current year.
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Several analysts have issued reports on the stock. ValuEngine upgraded shares of RMG Networks Holding Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Roth Capital set a $4.00 price objective on shares of RMG Networks Holding Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of RMG Networks Holding Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.
A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC increased its stake in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 7.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 0.71% of RMG Networks Holding Corporation worth $188,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 9.50% of the company’s stock.
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