Rmg Networks Holding shares had a trading volume of 476K in the last trading session. Volume was up 460.42% over the stocks average daily volume.
Investors are more bullish on shares of the company of late looking at the decrease in short interest. The firm recorded a fall in short interest of -20.08% between September 29, 2017 and October 13, 2017. Short shares decreased 2,248 over that period. With short interest at 8,949 and short average daily volume at 21,181, days to cover is 0.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (RMGN). As of the end of the quarter Renaissance Technologies LLC had bought 2,100 shares growing its stake by 0.8%. The value of the investment in (RMGN) decreased from $210,000 to $178,000 a change of $32,000 since the last quarter. As of quarter end Blackrock Inc. had acquired a total of 1,016 shares growing its holdings by 21.3%. The value of the company’s investment in Rmg Networks Holding went from $4,000 to $4,000 a change of 0.0% quarter to quarter.
As of the end of the quarter Vertex One Asset Management Inc. had disposed of 126,934 shares trimming its position 44.1%. The value of the investment in RMGN decreased from $228,000 to $106,000 decreasing 53.5% for the reporting period. As of the end of the quarter Ubs Group Ag had disposed of a total of 4,984 shares trimming its stake by 99.7%. The value of the total investment in Rmg Networks Holding went from $4,000 to $0 a change of $4,000 quarter over quarter.
Equity analyst Roth Capital updated coverage of RMGN and giving a rating of “Buy” and establishing a price target of $3.00.
The company is trading up by 6.80% percent from yesterday’s close. The most current P/E ratio is N/A and the market value is 11.49M. As of the latest earnings report the EPS was $-0.49 with 11.16M shares currently outstanding.
RMG Networks Holding Corporation, launched on January 5, 2011, is a holding company. The Company is a provider of enterprise-class digital signage solutions. Through a suite of products, software, software-embedded hardware, maintenance and content service, installation services, and third-party displays, the Company delivers intelligent visual communication solutions to its clients. As an integrated digital signage solution provider, the Company conducts its operations through RMG Enterprise Solutions business unit. It provides digital signage solutions to power intelligent visual communication implementations for contact center, supply chain, employee communications, hospitality, retail and other applications with a concentration of customers in the financial services, telecommunications, manufacturing, healthcare, pharmaceutical, utility and transportation industries, and in federal, state and local governments..