Numerex Corp. (NMRX) Given Media Sentiment Rating of 0.10
News coverage about Numerex Corp. (NASDAQ:NMRX) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Numerex Corp. earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.7631453126616 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts have commented on NMRX shares. B. Riley restated a “buy” rating and issued a $5.50 price target on shares of Numerex Corp. in a report on Monday, June 5th. ValuEngine cut Numerex Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Canaccord Genuity lifted their price objective on Numerex Corp. from $4.50 to $5.50 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Numerex Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Numerex Corp. presently has an average rating of “Hold” and an average target price of $5.33.
Numerex Corp. (NMRX) traded down 1.30% during trading on Friday, hitting $3.80. The stock had a trading volume of 43,653 shares. The company’s market cap is $74.77 million. Numerex Corp. has a 12-month low of $3.68 and a 12-month high of $9.01. The company has a 50 day moving average of $3.99 and a 200-day moving average of $4.41.
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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