Media stories about Numerex Corp. (NASDAQ:NMRX) have been trending somewhat positive recently, according to Alpha One. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Numerex Corp. earned a coverage optimism score of 0.14 on Alpha One’s scale. Alpha One also assigned media coverage about the communications equipment provider an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the immediate future.
Shares of Numerex Corp. (NASDAQ:NMRX) traded down 0.75% on Friday, hitting $3.96. The stock had a trading volume of 37,473 shares. Numerex Corp. has a 52-week low of $3.86 and a 52-week high of $9.01. The firm’s 50-day moving average price is $4.30 and its 200 day moving average price is $5.91. The firm’s market cap is $77.37 million.
Numerex Corp. (NASDAQ:NMRX) last announced its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $16.39 million during the quarter, compared to analyst estimates of $16.20 million. Numerex Corp. had a negative net margin of 21.69% and a negative return on equity of 13.29%. On average, equities research analysts predict that Numerex Corp. will post ($0.37) EPS for the current year.
Several research analysts have recently issued reports on NMRX shares. Canaccord Genuity reduced their price objective on Numerex Corp. from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Friday, March 17th. First Analysis upgraded Numerex Corp. from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $5.50 to $5.00 in a research note on Friday, March 17th. Zacks Investment Research cut Numerex Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, March 18th. Finally, B. Riley restated a “buy” rating and issued a $5.50 price objective on shares of Numerex Corp. in a research note on Saturday, May 13th.
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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