RMG Networks Holding Co. (NASDAQ:RMGN)’s share price rose 59% during trading on Friday . The company traded as high as $2.50 and last traded at $1.59. Approximately 24,399,701 shares traded hands during trading, an increase of 650% from the average daily volume of 3,251,600 shares. The stock had previously closed at $1.00.
RMGN has been the subject of a number of analyst reports. Zacks Investment Research raised RMG Networks from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Capital downgraded RMG Networks from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $3.00 to $1.00 in a research report on Wednesday, November 8th.
The firm has a market capitalization of $17.74, a PE ratio of -3.24 and a beta of 0.39.
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About RMG Networks
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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