News articles about Numerex Corp. (NASDAQ:NMRX) have trended positive this week, according to AlphaOne Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Numerex Corp. earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave headlines about the communications equipment provider an impact score of 42 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have issued reports on NMRX. B. Riley restated a “buy” rating and issued a $5.50 target price on shares of Numerex Corp. in a report on Monday, June 5th. Zacks Investment Research lowered Numerex Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, May 13th. Canaccord Genuity decreased their target price on Numerex Corp. from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Friday, March 17th. Finally, First Analysis raised Numerex Corp. from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $5.50 to $5.00 in a research report on Friday, March 17th.
Numerex Corp. (NMRX) traded down 1.09% on Monday, reaching $4.55. The company had a trading volume of 23,755 shares. The stock has a 50 day moving average of $4.27 and a 200 day moving average of $5.54. The firm’s market capitalization is $88.90 million. Numerex Corp. has a 12 month low of $3.86 and a 12 month high of $9.01.
Numerex Corp. (NASDAQ:NMRX) last released its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.09. Numerex Corp. had a negative net margin of 37.72% and a negative return on equity of 21.38%. The company had revenue of $16.39 million during the quarter, compared to the consensus estimate of $16.20 million. On average, analysts anticipate that Numerex Corp. will post ($0.38) EPS for the current year.
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About Numerex Corp.
Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.
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