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Needham & Company LLC boosted their price target on shares of Numerex Corp. (NASDAQ:NMRX) from $13.00 to $14.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 42.86% from the stock’s previous close.

Numerex Corp. (NASDAQ:NMRX) traded up 9.49% during mid-day trading on Thursday, hitting $10.73. 22,569 shares of the company’s stock traded hands. 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 $215.9 million and a price-to-earnings ratio of 116.67.

Numerex Corp. (NASDAQ:NMRX) last released its earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. Analysts expect that Numerex Corp. will post $0.11 EPS for the current fiscal year.

Separately, 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Numerex Corp. currently has a consensus rating of “Buy” and an average target price of $13.58.

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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