Bank of New York Mellon Corp lowered its position in Numerex Corp. (NASDAQ:NMRX) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,438 shares of the communications equipment provider’s stock after selling 13 shares during the period. Bank of New York Mellon Corp’s holdings in Numerex Corp. were worth $203,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC raised its stake in shares of Numerex Corp. by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 259,800 shares of the communications equipment provider’s stock worth $1,923,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 28.38% of the company’s stock.

Shares of Numerex Corp. (NASDAQ:NMRX) opened at 4.15 on Thursday. The company’s 50 day moving average price is $4.69 and its 200-day moving average price is $4.76. Numerex Corp. has a 12-month low of $3.86 and a 12-month high of $9.01. The firm’s market cap is $81.08 million.

Numerex Corp. (NASDAQ:NMRX) last announced its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.20) earnings per share for the quarter, missing the 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 analysts’ expectations of $16.20 million. On average, equities research analysts anticipate that Numerex Corp. will post ($0.38) EPS for the current year.

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A number of brokerages have recently weighed in on NMRX. B. Riley restated a “buy” rating and set a $7.50 price target on shares of Numerex Corp. in a research note on Monday, May 8th. Canaccord Genuity lifted their target price on Numerex Corp. from $4.50 to $5.50 and gave the stock a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised Numerex Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

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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Institutional Ownership by Quarter for Numerex Corp. (NASDAQ:NMRX)

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