Numerex Corp. (NMRX) Sees Unusually-High Trading Volume
Numerex Corp. (NASDAQ:NMRX) saw an uptick in trading volume on Wednesday . 95,695 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 104,790 shares.The stock last traded at $7.74 and had previously closed at $7.69.
Several brokerages have recently weighed in on NMRX. B. Riley reiterated a “buy” rating and issued a $9.50 price target on shares of Numerex Corp. in a report on Sunday, May 15th. Zacks Investment Research upgraded Numerex Corp. from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Wednesday, April 20th. Finally, Canaccord Genuity downgraded Numerex Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $8.00 to $7.00 in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.25.
The stock’s market cap is $149.47 million. The company has a 50-day moving average of $7.59 and a 200-day moving average of $6.76.
Numerex Corp. (NASDAQ:NMRX) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.07. Analysts predict that Numerex Corp. will post ($0.32) earnings per share for the current fiscal year.
Numerex Corp. is a provider of on-demand and interactive machine-to-machine enterprise solutions, referred to as M2M. The Company’s integrated M2M horizontal platforms incorporate the key M2M elements of Device (D), Network (N) and Application (A), and are offered on a subscription basis through a service bureau.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.