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Numerex Corp. (NASDAQ:NMRX) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports.

The analysts wrote, “Numerex (NMRX) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.”

Numerex Corp. (NASDAQ:NMRX) traded down 0.64% during mid-day trading on Wednesday, hitting $10.204. The stock had a trading volume of 11,687 shares. Numerex Corp. has a one year low of $8.85 and a one year high of $15.98. The stock has a 50-day moving average of $12.21 and a 200-day moving average of $12.94. The company has a market cap of $192.8 million and a price-to-earnings ratio of 380.37.

Numerex Corp. (NASDAQ:NMRX) last released its earnings data on Thursday, March 6th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03. Analysts expect that Numerex Corp. will post $0.13 EPS for the current fiscal year.

NMRX has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Numerex Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 11th. They now have a $12.60 price target on the stock. Separately, analysts at Craig Hallum downgraded shares of Numerex Corp. from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, analysts at Needham & Company LLC raised their price target on shares of Numerex Corp. to $17.00 in a research note on Friday, March 7th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.77.

Numerex Corp (NASDAQ:NMRX) is a provider of business services, technology, and products used in the development and support of machine-to-machine (M2M) solutions for the enterprise and government markets worldwide.

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