Numerex Corp. Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:NMRX)
Shares of Numerex Corp. (NASDAQ:NMRX) have received a consensus rating of “Buy” from the eight analysts that are covering the stock, American Banking & Market News reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.33.
A number of analysts have recently weighed in on NMRX shares. Analysts at Sidoti initiated coverage on shares of Numerex Corp. in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Needham & Company LLC cut their price target on shares of Numerex Corp. from $17.00 to $13.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities cut their price target on shares of Numerex Corp. from $16.75 to $14.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock.
Shares of Numerex Corp. (NASDAQ:NMRX) traded up 0.02% during mid-day trading on Thursday, hitting $11.672. 8,437 shares of the company’s stock traded hands. Numerex Corp. has a one year low of $9.36 and a one year high of $15.98. The stock’s 50-day moving average is $10.98 and its 200-day moving average is $12.57. The company has a market cap of $234.9 million and a P/E ratio of 138.93.
Numerex Corp. (NASDAQ:NMRX) last released its earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $20.83 million. Analysts expect that Numerex Corp. will post $0.11 EPS for the current fiscal year.
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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