Numerex Corp. (NMRX) Posts Quarterly Earnings Results, Hits Estimates
Numerex Corp. (NASDAQ:NMRX) posted its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01, American Banking News.com reports.
Shares of Numerex Corp. (NASDAQ:NMRX) opened at 9.80 on Thursday. Numerex Corp. has a 52 week low of $9.57 and a 52 week high of $15.98. The stock’s 50-day moving average is $10.98 and its 200-day moving average is $11.88. The company has a market cap of $197.2 million and a price-to-earnings ratio of 120.48.
On a related note, analysts at Sidoti initiated coverage on shares of Numerex Corp. in a research note on Wednesday, June 11th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.33.
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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